Number of new homes registered to be built flat lines in January

NHBC has reported that more than 11,500 new homes were registered to be built in the UK during January, an increase of just 1% on year ago levels.

11,733 new homes (9,312 private sector; 2,421 affordable sector) were registered during the month, compared to 11,607 (8,543 private sector; 3,064 affordable sector) in January 2017.

Figures for the rolling quarter (Nov 2017 – Jan 2018) were virtually identical with 38,181 new homes registered during this period, compared to 38,237 a year ago. 28,773 were registered within the private sector (28,670 last year), with the affordable sector down 2% (9,408 in 17/18; 9,567 in 16/17).

However, there was strong growth in the East Midlands (+49%), the North West (+42%) and London (+40%) over this three-month period.

NHBC Chief Executive Steve Wood said, “The first new home figures of 2018 are broadly in line with the same period a year ago.

“There are some impressive volumes being reported in a number of UK regions, which we hope will continue throughout the year in both the private and affordable sectors. This is needed to deliver the volumes of new, high-quality homes that the country needs.”

NHBC UK statistics for November 2017 – January 2018 show that:

The number of NHBC new home registrations was 38,181 compared to 38,237 in the same period last year. Of these: 28,773 were registered in the private sector, compared to 28,670 in the same period last year; 9,408 were registered in the affordable sector, compared to 9,567 in the same period last year.

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