NHBC: Strongest quarter in 10 years for new home registrations

The first quarter of 2017 has seen over 42,000 new homes registered in the UK according to the latest figures realised by the NHBC.

The total number of new homes registered by the NHBC in the first three months of the year stands at 42,470 a rise of 17% on the 36,351 in same period last year – the best performing quarter in ten years.

The private sector saw growth of 10% on the same period in 2016, up to 31,197 from 28,278.

For those looking to take their fist step on the property ladder, 11,273 affordable homes were registered – a significant 40% increase on 2016’s 8,073 registrations.

Looking at new home registrations across the 2016/17 financial year, the NHBC’s figures show 157,898 new homes registered compared to 151,599 in 2015/16 – an increase of 4%.

New home completions were also up 5% on the previous financial year’s figures.

There was good news across the UK with all 12 regions reporting an increase in registrations in comparison to same period in 2016.

The strongest performing regions were the North East with a rise of 39%, then London with 38%, followed by Eastern with an increase of 31%.

NHBC Managing Director Neil Jefferson said: “These figures, with growth across the entire country, are clearly encouraging for the sector, at a time when there is considerable demand for new, high-quality homes.

“This growth in Registrations, in both the private and affordable sector, is welcome news and will result in more newly built homes across the UK over the coming months.”

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