‘Critical point’ for housing industry as fall in new home registrations recorded

The housing industry has reached a critical point following a recorded decline in new home registrations. According to the National House Building Council, 26,231 new homes were registered during the third quarter of the year. This figure represents a 13% annual decrease in registrations. The data highlights a significant downturn for the sector as the National House Building Council monitors these registration trends, marking a challenging period for the overall housing market and new home developments.