41,222 New Homes Registered in Q2 Makes Best Quarter Since 2007

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41,222 New Homes Registered in Q2 Makes Best Quarter Since 2007

A total of 41,222 new homes were registered by NHBC in Q2 throughout the UK, according to NHBC’s latest new home registration statistics.

31,753 new homes were registered in the private sector, a 6% increase on the 30,086 a year ago. The public and affordable sector was down 13% with 9,469 new homes registered compared to 10,845 in Q2 2015.

The overall number represents a 1% increase on the same period last year when 40,931 new homes were registered, making it the strongest quarter since 2007.

The figures portray a mixed picture across the UK with half of the 12 regions showing an increase in registrations during Q2, including the South East (+37%) and the North East (+34%) with the other half reporting a decline in numbers, such as Wales (-30%) and London (-29%) compared to the same period last year.

The number of new home completions for the rolling 12 months July 2015 – June 2016 also increased by 6% when compared to the previous 12 months (July 2014 – June 2015). This mirrors the strong growth seen in registrations in recent years.

NHBC's registration statistics are seen as a lead indicator of UK house-building activity with the organisation accounting for approximately 80% market share.

Commenting on the Q2 figures, NHBC Chief Executive Mike Quinton said: “Our latest statistics show that the industry continues to consolidate on the strong growth in registrations seen over recent years. 

“These registrations reflect continued industry confidence in the run-up to the EU Referendum at the end of June. Indeed, this period was the strongest quarter since Q4 2007, albeit still some way off levels seen over a decade ago.

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

Full regional breakdown of total new homes registered for Q2 2016 and rolling 12 month completions.

Country/

Region

Q2 2016

Q2

2015

Rolling 12 months

July 15 – June 16

Rolling 12 months

July 14 –

June 15

Rolling

12 months

July 15 –

June 16

Rolling

12 months

July 14 –

June 15

England - Regions

Regs

Regs

Regs

Regs

Completions

Completions

North East

2,103

1,575

6,295

5,423

5,116

5,391

North West

3,518

3,902

13,699

13,383

12,272

11,757

Yorkshire & the Humber

2,361

1,941

7,719

9,123

7,766

7,477

West Midlands

3,183

3,977

12,270

14,538

12,376

11,114

East Midlands

3,864

3,555

13,072

12,446

12,038

11,099

Eastern

4,547

4,326

16,346

16,086

13,470

13,601

South West

4,814

4,130

16,038

15,975

13,682

13,388

Greater London

4,982

6,971

23,132

26,162

21,724

18,919

South East

7,237

5,265

24,383

22,315

20,672

18,992

Totals for England

36,609

35,642

132,954

135,451

119,116

111,738

Scotland - Councils

3,015

3,237

12,275

12,459

11,330

11,044

Wales - Unitary Authorities

861

1,234

4,189

5,415

4,543

4,421

Northern Ireland - Counties

737

818

3,016

2,982

2,905

2,615

Totals for UK

41,222

40,931

152,434

156,307

137,894

129,818

 

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