NHBC reports growth in house building in 2015 across both private and public sectors – with detached home registration the highest for over a decade.
In total, 156,140 new homes were registered by NHBC last year – compared to 146,359 in 2014. Private registrations increased by seven per cent (118,611 in 2015; 110,674 in 2014), with the public sector increasing by five per cent (37,529 in 2015; 35,685 in 2014).
The figures show NHBC registered 75 per cent more new homes in 2015 than it did at the time of the housing crash in 2009.
Continuing the trend from 2014, the number of detached homes registered over the last 12 months (42,173) is the highest for over a decade. Additionally, the number of semi-detached homes registered in 2015 (35,423) is the highest in more than 20 years (36,757 in 1994).
Continuing the trend from 2014, the number of detached homes registered over the last 12 months (42,173) is the highest for over a decade.
NHBC’s latest data also revealed that the majority of UK regions experienced notable growth on 2014 levels:
Eastern region +23 per cent
North West +16 per cent
Scotland +15 per cent
East Midlands +12 per cent
South West +9 per cent
West Midlands +9 per cent
Northern Ireland +30 per cent
London is still leading the way in number of new home registrations. Although the 2015 figure of 25,994 registrations is down 9 per cent on the record 2014 total of 28,518, 2015 saw the third highest number of registrations on record. Yorkshire & the Humber is down 13 per cent on 2014 and Wales is down 2 per cent on the same year.
Commenting on the annual statistics, NHBC Chief Executive Mike Quinton said: “We are pleased to report that 2015 was a year for continued housing growth in the UK. Both the public and private sectors have performed well and we have seen encouraging levels of house-building across most regions of the country.”
“The detached home continues its resurgence, with our figures showing that house builders are building the highest number of detached properties for over a decade, with semi-detached homes also at their highest level in more than 20 years.
“There is still a way to go before we are building the levels of new homes that were seen before the economic downturn, but 2015 represents consolidation on the growth seen over the last three years.”
The NHBC New Home Statistics Annual Review is available here.
NHBC is the largest warranty and insurance provider for new homes in the UK. It enjoys an 80% plus market share in UK new home warranties.