2016 new home registrations up 70% on recession levels

February 3, 2017 / Isla MacFarlane
2016 new home registrations up 70% on recession levels

New home registrations dipped 2% in 2016 on year-ago levels, however, the latest figures represent a 70% increase compared to 2008/09.

151,687,000 new homes were registered by NHBC in 2016, a slight decrease of 2% compared to 2015 when 155,504 new homes were registered. However, when London is taken out of the equation, registrations show a 4% increase on 2015.

115,689 new homes were registered in the private sector, compared to 117,506 in 2015 with 35,998 registered in the affordable sector, compared to 37,998 previous year.

NHBC’s latest data also revealed that seven out of 12 regions experienced an increase in registrations, most notably Yorkshire & Humberside (+27%), South East (+14%) and North West (+12%), compared to 2015 figures.

Additionally, the overall UK total excluding London registrations shows a 4% increase on the corresponding figures from 2015, with 134,365 registrations in 2016 compared to 129,744 the previous year, for the UK without the capital.

The number of new homes completed during 2016 (141,175) was also marginally up 1% on 2015’s total (140,407).

In terms of news home types, 2016 saw the highest number of detached homes registered in the UK since 2004, with a total of 46,118 being registered and the highest number of semi-detached since records began 30 years ago (38,999).

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