NHBC reports 28,724 new homes registered to be built in Q3 2024 This figure is up 40% on Q3 2023 (20,449) and running level with Q2 2024 (29,093).
Steve Wood, CEO at NHBC comments: “Our latest quarter’s figures show that new home registrations are holding steady with some signs of increased activity on site and an emerging mood of cautious optimism amongst house builders. A further uplift in registrations is needed to move us towards the Government’s 1.5M new homes target, with this dependent on continued easing of interest rates and a rise in confidence amongst consumers and investors. “Private sector registrations experienced something of an uplift in Q3, up 58% compared to the previous year. Rental and affordable registrations were also up, by 12%, but this belies challenging conditions for housing associations where capital budgets are focused on the remediation and retrofit of existing stock, alongside high spends on temporary housing.”
