NHBC report a dip in new home registrations

NHBC report a dip in new home registrations

More than 10,000 new homes were registered to be built in the UK in July according to NHBC’s latest registration statistics.

A total of 10,533 new homes (8,170 private sector; 2,363 public sector) were registered in July, compared to 15,151 (11,470 private sector; 3,681 public sector) 12 months ago – a drop of 4,618 homes.

Overall, there were 37,244 new home registrations in the rolling quarter (May 2016 – July 2016), compared to 43,891 in the same period last year.

Commenting on the latest figures, NHBC Chief Executive Mike Quinton said: “July’s registration statistics show that the number of new homes being registered has fallen compared to the same period 12 months ago.

“This fall in numbers can largely be attributed to the industry caution experienced immediately after the EU referendum. Early indications show that new home registrations are already bouncing back, with August figures on course to top 2015.”

During the three months May 2016 – July 2016 several regions experienced a notable growth in registrations, compared to 2015, including the North East (+28%), Yorkshire & Humberside (+25%) and the South West (+11%).

The NHBC is the leading warranty and insurance provider for new homes in the UK and its registration statistics are a lead indicator of UK house-building activity. It has approximately 80% market share.

 

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