New home numbers dip in July, reports NHBC

New home numbers dip in July, reports NHBC

The number of new homes registered to be built in the UK during July was 9% lower than a year ago, according to the latest NHBC registration figures.

Image: Ceebeestock/AdobeStock

14,262 new homes were registered in July 2019, compared to 15,719 a year ago. 10,398 new homes were registered for the private sector (11,877 in 2018), and 3,864 in the affordable and rental sector (3,842 in 2018).

For the rolling quarter, between May and July, 44,163 new homes (30,584 private sector; 13,579 affordable and rental sector) were registered compared to 43,199 in 2018 – an increase of 2%.

The upturn in London continues with 6,513 registrations over the last three months: 21% more than what was registered a year ago. The East of England (+26%) and the West Midlands (+21%) also enjoyed buoyant quarters.

Commenting on the new figures, NHBC Chief Executive Steve Wood said: “Although new home registrations for July are down compared to 12 months ago, we are still seeing signs of growth coming through with the rolling quarter.

“Despite the uncertainties and concerns around Brexit, the industry remains resilient and you can see that in these figures.”

NHBC is a leading warranty and insurance provider for new homes in the UK and its registration statistics are a lead indicator for the new homes market.

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