London slowdown reduces NHBC registrations

London slowdown reduces NHBC registrations

National year-on-year registrations down by 2%, although many regions experience increase.

The latest NHBC figures reveal that new registrations fell by 2% between 2015 and 2016. 151,687 new homes were registered by NHBC in 2016 compared with 155,504 in the previous year.

However, if you remove London from the overall statistics there was actually a 4% growth in registrations year-on-year. Seven out of 12 regions experienced an increase in registrations, most notable Yorkshire & Humberside (up 27%), South-East (up 14%) and North West (up12%) compared with 2015 figures.

The number of new homes completed during 2016 (141,175) was marginally up (1%) on 2015’s total (140,407).

In terms of house types, 2016 saw the highest number of detached homes registered in the UK since 2004, with a total of 46,118 being registered and the highest number of semi-detached since records began 30 years ago.

Commenting on the annual statistics, NHBC Business Development Director Mark Jones said: “Taking into account the extraordinary events of 2016, the UK house-building sector has remained resilient, despite initial caution around Brexit. We have also seen some strong regional growth outside of London.”

As the leading warranty and insurance provider for new homes in the UK, NHBC’s registration statistics area lead indicator of the country’s new homes market.

Mark Jones concluded: “Both industry and consumer confidence remains high and early signs indicate that the new year has begun positively.”

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