The National House Building Council (NHBC) has confirmed that construction began on 651 new-build homes during the first three months of 2016, representing a decrease from 777 the year before.
The latest figures revealed that 2,831 new residences were completed in the April 2015-16 accounting year, a 9% increase from the previous year’s total of 2,598.
Construction started on over 3,000 new homes during the financial year, revealing an activity growth of 14% on the year before.
However, the Construction Employers Federation and other building groups stated that around 11,000 new homes should be built in Northern Ireland every year in order to accommodate ongoing demand for housing.
The managing director of Hagan Homes, prominent Northern Ireland housebuilder, said that they see ongoing improvement in the market, and while registrations are down for the first quarter, build programmes can help bring them back up. Year-on-year completion figures are expected to increase as the months progress.