NHBC reports 36,566 new homes registered in Q1

A total of 36,566 new homes were registered by NHBC in the first three months of the year in the UK.

According to National House-Building Council’s latest new home registration statistics, a total of 36,566 new homes were registered by NHBC in the first three months of the year, with 28,398 homes registered in the private sector, a 7% decrease on the previous year.

The public and affordable sector were down 15%, with 8,168 new homes registered compared to 9,584 in Q1 2015.

These figures show a significant decline, however for the financial year (2015/16), registrations remain in line with the previous year with 152,329 new home registrations, marginally ahead of the amount of registrations in 2014/15.

In the financial year up to the end of March, there was a 10% increase in the number of new home completions, which mirrors the strong growth seen in registrations in recent years, resulting in these new homes being completed over the first few months of 2016.

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 activity and production that we have recently seen.”

NHBC is the UK’s leading warranty and insurance provider for new homes in the UK, and have 80 years of experience in driving up quality and raising standards in housebuilding.

NHBC have approximately 80% market share.

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