Highest New Homes Registrations in Over a Decade

UK BUILDERS builders registered more than 43,500 new homes during the third quarter of 2018, making it the highest quarter since 2007, according to NHBC’s latest new home registration statistics.

43,578 new homes were registered during the period July – September, an increase of 15% on the 37,940 registered in the same period 12 months ago.

In the private sector, 33,520 new homes were registered, with 10,058 registered in the affordable sector.

London has seen an increase in registrations, up a whopping 141% to 6,007, compared to the figure of 2,492 in the same period last year.  This is believed to be due to a number of large developments being registered by housing associations and by inwards investors focused on the private rental sector.

Other regions with hefty growth were Yorkshire & Humberside (+39%), the South West (+34%) and Scotland (+20%).

Highest New Home Registrations

NHBC Chief Executive Steve Wood said, “The upturn in registrations over recent months is good news for the industry and shows that there remains a strong demand for high quality new homes in many parts of the UK.

“The increase in London is welcome, although it has been boosted by number of large scale developments and has to be set against unusually low figures this time last year.

“On a broader front, the industry remains cautious in the short-run until the economic impact of Brexit is clearer.  Attaining the Government’s target of 300,000 new homes by the middle of the next decade will require a real focus on innovation, particularly the use of modern methods of construction, and on building skills and capacity in the workforce onsite, topics many builders are actively grappling with.”

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