Statistics from NHBC indicate a 12% increase in new home registrations between April and June this year, compared with the same period in 2018.
Builders and developers registered the highest number of new homes for 12 years during the last three months, recording more than 43,000 new homes in the UK, according to the latest figures from NHBC.
43,438 new homes were registered between April and June 2019, 12% up on the same period last year (38,937) and the highest since Q4 2007 when 43,525 were registered.
Overall, the private sector increased by 14% (29,993 v 26,422 in 2018) and the affordable and rental sector by 7% (13,445 v 12,515 in 2018).
Commenting on the latest figures NHBC Chief Executive Steve Wood said: “It is great to see this sign of confidence in new-build housing and that the positive start to the year has continued into the summer. The combination of the growing private rental sector and on-going investment into the UK market is helping to boost new home registrations.”
The NHBC’s statistics also point to an upturn in London, with 6,000 registrations over the last three months – more than double what was registered a year ago. The North West (+47%) and Scotland (+17%) also enjoyed buoyant quarters. Eight out of 12 UK regions showed an increase on 2018 numbers.
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.