NHBC report 12% increase in new home registrations

Registrations up for the sixth successive quarter.

New figures released by the NHBC today show that the number of new home registrations in the second quarter of 2015 has increased by 12%.

As an independent expert authority on the housing industry, the NHBC supports the industry in maintaining and improving the build quality of new homes for homebuyers, while providing its ten-year Buildmark warranty protection when required.

The statistics represent a unique source of up-to-date information on new home construction in the housebuilding industry, relating to new homes registered with NHBC for its ten-year warranty.

This covers approximately 80% of all new homes built in the UK.

Figures show that during the last three months, 41,268 new homes have been registered, which outstrips the 36,986 registered during Q2 of last year.

When these numbers are broken down, they show that 30,462 private and 10,806 public sector homes were registered. Both represent increases when compared to the period between April and June last year, with new houses registered in the private sector up by 11% and a 13% jump in the public sector.

In addition to this, the number of retirement homes has enjoyed a significant period of growth, with more registered in the first six months of this year than in the whole of 2014.

Mike Quinton, NHBC Chief Executive, is “very encouraged” by the jump in the number of retirement homes registered, along with the general pattern of the year.

He said: “We are very encouraged to see an increase in the number of retirement homes being registered. It is widely acknowledged that the UK has a shortage of homes for the elderly, which is having a knock-on effect on the rest of the housing market.

“Our figures show that 2015 is shaping up to be an encouraging year for new housing growth with new housing registrations up by 12% on the second quarter of last year.”

Today’s figures represent the sixth quarter in succession that has seen a growth in new home registrations, and comparing this year’s registrations with those in the first two quarters of 2014, the total in the UK is higher by more than 10,000.

The North West, West Midlands, Eastern, South East and South West have enjoyed healthy jumps.

Others have performed too, with the North East, Yorkshire & the Humber, East Midlands, Scotland and Northern Ireland all experiencing increases.

Despite this though, Mike Quinton stressed that more needs to be done to end the housing crisis.

“However, we have made clear that while all signs of growth are to be welcomed, the UK is still building way below the volumes of homes that we need,” he added.

“There is a long way to go before our housing crisis is over.”

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