NHBC reports housing registration growth

NHBC reports housing registration growth

41,222 new homes were registered by NHBC in Q2 throughout the UK, according to the NHBC’s latest new home registration statistics.

31,753 new homes were registered in the private sector, a 6% increase on the 30,086 a year ago. The public and affordable sector was down 13% with 9,469 new homes registered compared to 10,845 in the same time last year.

The number represents a 1% overall increase on the same period last year when 40,931 new homes were registered, making it the strongest since 2007.

Regionally, there has been a mix in Q2 registrations this year with the South East increasing (+37%) along with the North East (+34%) with the other half reporting a decline in numbers, including Wales (-30%) and London (-29%) compared to the same period last year.

The number of new home completions for the rolling 12 months July 2015 – June 2016 also increased by 6% when compared to the previous 12 months (July 2014 – June 2015).

NHBC is the leading warranty and insurance provider for new homes in the UK with approximately 80% market share.

NHBC Chief Executive Mike Quinton commented: “Our latest statistics show that the industry continues to consolidate on the strong growth in registrations seen over recent years. The registrations reflect continued industry confidence in the run-up to the EU Referendum at the end of June. Indeed, this period was the strongest quarter since Q4 2007, albeit still some way off the levels seen over a decade ago.”

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