New home registrations hold steady in November

New home registrations hold steady in November

NHBC has reported that nearly 15,000 new homes were registered to be built in the UK during November, the second highest monthly total for 2017.

14,942 new homes (11,170 private sector; 3,772 affordable sector) were registered during the month, compared to 15,211 (11,818 private sector; 3,393 affordable sector) in November 2016.

41,124 new homes were registered during the rolling quarter (September – November) – a 2% increase on the 40,230 registered at the same time last year.

Over the rolling quarter 31,403 homes were registered in the private sector, representing a 4% increase on the same period a year ago (30,298), with 9,721 new homes registered in the affordable sector, a 2% decrease on 2016 numbers (9,932).

Half of the 12 UK regions experienced growth in registrations over the rolling quarter, when compared to the same period last year. The East Midlands (3,875 +47%), North East (1,882 +41%) and Northern Ireland (1,004 +9%) were among the regions with most notable growth.

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

NHBC Chief Executive Steve Wood said, “It is encouraging to report strong figures for new home growth as we reach the end of the year.

“As ever, the demand for new homes remains strong, so this is very positive news for the industry and for consumers looking to buy a brand-new home.”

NHBC UK statistics for September – November 2017 show that:

NHBC new home registrations was 41,124 compared to 40,230 in the same period last year. Of these: 31,403 were registered in the private sector, compared to 30,298 in the same period last year; 9,721 were registered in the affordable sector, compared to 9,932 in the same period last year.

Did you like this? Share it: