Cause for hope on house building recovery - NHBC

House building in Derry is showing significant signs of recovery with a 40% hike in the number of registered homes in the area since last year.

A total of 90 new homes were registered in Derry between October and December 2010, according to a report by the National House Building Council (NHBC).

For the same period in 2009 the number of new builds registered was just 56.

According to the new figures Derry is bucking the trend along with Tyrone which also showed comparative growth on the previous year.

Across the North, registrations to build new homes during December 2010 were 20 per cent lower than the same month in 2009, at 146 (compared with 182 in 2009).

Figures for the rolling quarter October to December 2010 (577) also showed a 33 per cent drop when compared with the same period the previous year (906).

David Little, NHBC Director for Northern Ireland, said: “Despite a difficult few months, 2010 figures as a whole are only 8% lower than the previous year.

“Registrations are still down on 2009 levels, however December is traditionally a slow month for house building, and of course sites were closed early due to the snow.

“Whilst we are still waiting for confidence to return to the market, the trend over the last quarter suggests the gap on 2009 registrations has narrowed, giving cause for hope as we progress through 2011.”