NHBC: New Home Registrations Up a Fifth for August

NHBC: New Home Registrations Up a Fifth for August

Almost 12,500 new homes were registered to be built in the UK in August according to NHBC’s latest registration statistics, an increase of 20% compared to the same month last year.

A total of 12,486 new homes (9,225 private sector; 3,261 public sector) were registered in August, compared to 10,391 (8,385 private sector; 2,006 public sector) 12 months ago.

Overall, there were 36,869 new home registrations in the rolling quarter (June 2016 – August 2016), compared to 40,123 in the same period last year, a decrease of 8%.

However, during these months, which coincided with the industry caution experienced directly after June’s EU Referendum, several UK regions experienced a notable growth in registrations, compared to 2015, including the North East (+54%), Yorkshire & Humberside (+31%) and the South West (+23%).

As the leading warranty and insurance provider for new homes in the UK, NHBC’s registration statistics are a lead indicator of UK house-building activity. For 80 years, NHBC has been committed to driving up quality and raising standards in housebuilding and has approximately 80% market share.

Commenting on the latest figures, NHBC Chief Executive Mike Quinton said: “August’s registration statistics show that the number of new homes being registered is considerably up compared to the same time last year.

“While overall rolling quarter numbers are down 8%, this came during an unprecedented period of uncertainty immediately after the EU Referendum. Despite this over half of the UK regions experienced growth in registrations compared to the same three month period last year.

“As ever, NHBC remains fully committed to support the industry to build new homes to the highest possible standards.”

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