New home registrations in February up 9% on 2016

13,277 new homes were registered in February, an increase of 9% on the 12,130 registered 12 months ago, according to NHBC’s latest registration statistics. Of the new homes registered, 9,666 were in the private sector and 3,611 were in the affordable sector.

Overall, there were 36,355 new home registrations in the rolling quarter (Dec 2016 – Feb 2017), compared to 33,142 in the same period last year, an increase of 10%. Private sector registrations increased by 7% over this period, with the affordable sector increasing by 19%

Over the rolling quarter many UK regions experienced notable growth, including Wales (93%), Yorkshire & Humberside (27%) and South West (22%), when compared to the same time last year.

NHBC Managing Director Neil Jefferson said, “The strong start to this year’s new home registrations continues, with promising signs for the remainder of the first quarter. At a time when there is clearly a considerable demand for new homes, this growth in both the private and affordable sector is welcome news.”

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