Private new home registrations fall by almost half in Q1

Private new home registrations plunged by nearly half in the first three months of 2023, according to latest National House Building Council figures.
The 49% slump in first quarter year on year private home registrations indicates how heavily house builders hit the brakes as sales dried up at the end of last year.
The rental and affordable sector performed better seeing only an 11% drop in the same period.There is evidence that some developments, initially earmarked for private sale have been bl