The month of April showed a surge in new home registrations, according to the latest figures from NHBC.
More than 13,500 new homes were registered to be built in the UK in April – the NHBC reported – an increase of 21% compared to a year ago.
13,527 new homes were registered (9,972 private sector; 3,555 affordable and rental sector) compared to 11,218 a year ago (7,427 private sector; 3,791 affordable and rental sector).
Commenting on the new figures, NHBC Chief Executive Steve Wood said: “It is great to see another strong month for new home registrations. To date, there is little evidence that Brexit uncertainties are denting developer confidence, whilst the continued flow of inward investment into the private rental sector is another good sign of resilience.”
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Seven of the 12 UK regions saw an increase, with London seeing another considerable rise in registrations – up 61% to 5,475. The organisation reports that this is driven by growth in the numbers of larger developments and an increased appetite in the private rental sector.
NHBC is the leading warranty and insurance provider for new homes in the UK and its registration statistics are a lead indicator for the new homes market.
