New home registrations up 14% in January

New home registrations up 14% in January

More than 11,500 new homes were registered to be built in the UK in January, according to NHBC’s latest registration statistics.

11,651 new homes (8,695 private sector; 2,956 affordable sector) were registered in January, an increase of 14% on the 10,248 (7,843 private sector; 2,405 affordable sector) registered 12 months ago.

Overall, there were 38,313 new home registrations in the rolling quarter (November 2016 – January 2017), compared to 32,315 in the same period last year, an increase of 19%. Private sector registrations increased by 22% over this period (28,984 in 2016/17; 23,851 in 2015/16), with the affordable sector increasing by 10% (9,329 in 2016/17; 8,464 in 2015/16).

Over the rolling quarter many UK regions experienced notable growth, including Yorkshire & Humberside (81%), Eastern (53%) and Wales (51%), when compared to the same time last year.

NHBC Managing Director Neil Jefferson said, “The promising new home registration volumes seen towards the end of last year have continued, with the industry seeing a strong start to 2017.

“At a time when there is high demand for new homes, this growth is encouraging.”

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