New Homes Registrations Show Growth on Last Year Though Q1 Slows

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New Homes Registrations Show Growth on Last Year Though Q1 Slows

A total of 36,566 new homes were registered by NHBC in the first three months of the year in the UK, according to NHBC’s latest new home registration statistics.

In the private sector, 28,398 new homes were registered, a 7% decrease on the 30,560 a year ago, with the public and affordable sector down 15% registering 8,168 new homes compared to 9,584 in Q1 2015.

The overall number is 9% down on the same period last year when 40,144 new homes were registered. However for the financial year 2015/16, registrations remained in line with the previous year with 152,329 new home registrations, marginally ahead of the 152,262 registered in 2014/15.

There was also a 10% increase in the number of new home completions for the financial year up to the end of March, compared to 2014/15, with 137,396 completions in total. This increase mirrors the strong growth seen in registrations in recent years, resulting in these new homes being completed over the first few months of 2016.

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 with approximately 80% market share.

Commenting on the Q1 figures, NHBC Chief Executive Mike Quinton said: “Our latest statistics show that the industry is consolidating on the strong growth in registrations seen in recent years.  Registrations are now around 80% higher than the depths of the financial crisis in 2008/09, driven by increased activity from private sector housebuilders.

“Because of the increase in registrations we are now also seeing the resulting completions come through, as reflected in the 10% rise in the number of new homes completed in the financial year.

“As ever, NHBC’s mission is to ensure construction quality of the very highest standard in new homes across the UK and that this emphasis on quality remains unwavering – particularly during periods of increased

Full regional breakdown of total new homes registered for Q1 2016 and financial year completions;

 

Country/

Region

Q1 2016

Q1 2015

Financial Year

15/16

Financial Year

14/15

Financial Year

15/16

Financial Year

14/15

England - Regions

Regs

Regs

Regs

Regs

Completions

Completions

North East

1,131

1,180

5,775

5,213

5,059

5,178

North West

3,732

3,198

14,086

11,775

12,262

11,290

Yorkshire & the Humber

1,889

2,223

7,299

9,339

7,588

7,281

West Midlands

3,490

3,832

13,163

13,166

11,922

10,708

East Midlands

3,114

3,572

12,756

12,665

11,829

10,725

Eastern

3,582

4,317

16,134

15,444

13,486

13,352

South West

4,057

4,422

15,356

15,564

13,683

13,117

Greater London

4,751

5,620

25,122

26,237

22,207

17,972

South East

6,117

6,670

22,443

23,550

20,653

17,822

Totals for England

31,863

35,034

132,134

132,953

118,579

107,455

Scotland - Councils

2,910

3,187

12,463

11,548

11,145

10,918

Wales - Unitary Authorities

1,142

1,146

4,635

5,045

4,661

4,246

Northern Ireland - Counties

651

777

3,097

2,716

2,831

2,598

Totals for UK

36,566

40,144

152,329

152,262

137,396

125,217

 

 

Registrations refer to the process of a builder registering a new plot/home to be built in the     coming months or weeks, to be covered by NHBC’s ten-year Buildmark warranty. Completions refer to when a new home is completed by the builder. 

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