New home registrations nosedive 42%

Latest new home registration figures have pointed to the true extent of the slowdown in building activity as interest rates hit a 15-year high.
All new home registrations plunged 42% in the second quarter compared to the same period last year, with completions falling by 11%. Private home registration collapsed by just over half on a year ago.
A total of 38,044 new homes were registered with the National House Building Council in the months of April, May and June, compared to 65,645 in the secon