Continued growth for house building in 2015

NHBC reports the number of new homes built topped 156,000.

The NHBC has seen further improvements in the house building sector over the last year, with a seven per cent increase on 2014, new figures show.

The figures represent an eight-year high with 75% more homes registered in 2015 than in 2009, the time of the housing crash.

Private sector registrations increased by 7% (118,611 in 2015; 110,674 in 2014), with the public sector increasing by 5% (37,529 in 2015; 35,685 in 2014).

The number of detached homes registered is the highest for over a decade, continuing the trend from 2014, while some 35,423 semi-detached homes registered creating a 20-year high.

The latest data from the NHBC has revealed that while the Eastern region (+23%), North West (+16%) and Scotland (+15%) are leading the way with these numbers, the majority of UK regions experienced notable house building growth. While London registrations were down nine per cent on the record 2014 total of 28,518, 2015 saw the third highest number of registrations on record with 25,994 registrations.

The East Midlands (+12%), South West (+9%) and West Midlands (+9%) also enjoyed a positive year, as did Northern Ireland (+30%) although this was from a relatively low base.

As the leading warranty and insurance provider for new homes in the UK, NHBC’s registration statistics are the lead indicator of the health of the country’s house building market.

Commenting on the annual statistics, NHBC Chief Executive Mike Quinton, said: “We are pleased to report that 2015 was a year for continued housing growth in the UK. Both the public and private sectors have performed well and we have seen encouraging levels of house-building across most regions of the country.

“The detached home continues its resurgence, with our figures showing that house builders are building the highest number of detached properties for over a decade, with semi-detached homes also at their highest level in more than 20 years.

“There is still a way to go before we are building the levels of new homes that were seen before the economic downturn, but 2015 represents consolidation on the growth seen over the last three years.

“As always, NHBC’s mission is to ensure construction quality of the very highest standard in new homes and this emphasis on quality remains unwavering – particularly during such periods of increased activity and production that we have seen over recent years.”

 

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