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.”
