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UK New Home Registrations Plummet, Builders Cautious
Description
New home registrations in Northern Ireland and across the UK plummeted in the first quarter of 2026, with a significant drop in private sector starts and rental/affordable housing. Builders are cautious due to shaky consumer confidence, affordability issues, rising mortgage rates, and global economic uncertainties. Eight out of twelve UK areas saw declines, with Northern Irelands registrations hitting a thirteen-year low. Experts suggest targeted incentives for first-time buyers and easier regulations to boost demand.
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