May housing registrations contribute to strong new homes growth, reports NHBC.
New home registrations for 2015 remain at a higher level than last year with strong growth reported in May, according to new figures released by NHBC. The figures also show encouraging signs of a revival in the public and affordable housing sector which saw an 8% increase in registrations in May.
For the rolling quarter (March – May), registrations increased by 15% compared to the same period last year (43,987 in 2015; 38,247 in 2014), mirroring the strong growth already reported by NHBC this year.
The private sector increased by 17% during this period (33,046 in 2015; 28,216 in 2014), with the public and affordable sector also up by 9% (10,941 in 2015; 10,031 in 2014).
Commenting on the latest statistics NHBC Chief Executive Mike Quinton said; “So far in 2015 we have seen new home registrations remain consistently ahead of 2014 levels, which is clearly encouraging news for the industry.
“There have also been signs that the public and affordable sector is continuing to improve while the uncertainty predicted by some around the period of the General Election failed to materialise, with steady growth a constant feature throughout the year to date.”