NHBC Reports 20% Increase in New Home Registrations for August NHBC Reports 20% Increase in New Home Registrations for August

NHBC Reports 20% Increase in New Home Registrations for August

Nearly 12,500 new homes were registered to be built in the UK in August according to NHBC’s latest registration statistics, which is 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 last month, in comparison with 10,391 (8,385 private sector; 2,006 public sector) a year ago.

Overall, there were 36,869 new home registrations in the rolling quarter (June 2016 – August 2016), in comparison with 40,123 in the same period in 2015, which is a fall of 8%.

However, during these months, which coincided with the industry caution experienced immediately following June’s EU Referendum, with many regions of the UK experiencing a significant growth in registrations, in comparison with last year, including the North East (+54%), Yorkshire & Humberside (+31%) and the South West (+23%).

NHBC is the leading warranty and insurance provider for new homes in the UK, and its registration statistics are a lead indicator of house-building activity in the UK. For 80 years, NHBC has shown a commitment to raising the quality and improving standards in housebuilding and has a market share of approximately 80%.

NHBC Chief Executive Mike Quinton, commented on the latest figures: “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.

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

During June ‘16 – August ’16, the number of NHBC new home registrations was 36,869, compared to 40,123 in the same period last year.

Property & Development Magazine

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