UK builders registered more than 43,500 new homes during the third
quarter of 2018, according to NHBC’s latest new home registration
statistics – making it the highest quarter since 2007.
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. The total makes it the highest
quarter since the third quarter of 2007 when 49,520 new homes
were registered.
In the private sector 33,520 new homes were
registered (28,921 in Q3 2017; +16%), with 10,058 registered in
the affordable sector (9,019 in Q3 2017; +12%).
London has seen a dramatic increase in registrations,
up 141% to 6,007, compared to the lower than usual
figure of 2,492 in the same period last year. This is
partly due to a number of large developments being registered by
housing associations and by inwards investors focused on the
private rental sector.
Other regions experiencing considerable growth
compared to 2017 include Yorkshire & Humberside (+39%), the
South West (+34%) and Scotland (+20%).
As the leading warranty and insurance provider for
new homes in the UK, NHBC's registration statistics are a lead
indicator of the UK’s new homes market.
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.”
ENDS
Notes to Editors
-
During July’18 – Sept‘18 the number of NHBC new
home registrations was 43,578 compared to 37,940 a year
ago
-
33,520 were registered in the private sector,
compared to 28,921 in the previous year
-
10,058 were registered in the affordable sector,
compared to 9,019 in the previous year
-
Full regional breakdown of total new homes
registered during this period:
|
NHBC - UK Registrations by
Region
|
|
England -
Regions
|
July 18 – Sept
18
|
July 17 – Sept
17
|
|
NORTH EAST
|
2,172
|
2,078
|
|
NORTH WEST & MERSEYSIDE
|
4,280
|
4,617
|
|
YORKSHIRE & HUMBERSIDE
|
2,917
|
2,101
|
|
WEST MIDLANDS
|
3,138
|
3,513
|
|
EAST MIDLANDS
|
3,080
|
3,574
|
|
EASTERN
|
3,814
|
3,992
|
|
SOUTH WEST
|
4,604
|
3,444
|
|
LONDON
|
6,007
|
2,492
|
|
SOUTH EAST
|
7,128
|
6,688
|
|
TOTAL ENGLAND
|
37,140
|
32,499
|
|
SCOTLAND
|
3,681
|
3,056
|
|
WALES
|
1,476
|
1,638
|
|
NORTHERN IRELAND & ISLE OF
MAN
|
1,281
|
747
|
|
TOTAL UK
|
43,578
|
37,940
|
-
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 as indicated by NHBC
inspectors.
