36,566 new homes registered with NHBC in Q1 2016

Industry News,New Homes

36,566 new homes registered with NHBC in Q1 2016

by on Saturday 30 April, 2016 in Industry News,New Homes



A total of 36,566 new homes were registered with NHBC in the first three months of the year in the UK, according to NHBC’s latest new home registration statistics.

28,398 new homes were registered in the private sector, a 7% decrease on the 30,560 a year ago, with the public and affordable sector down 15% with 8,168 new homes registered compared to 9,584 in Q1 2015.

Financial year registrations in line with 2014/15, up 80% since recession

The overall number is 9% down on the same period last year when 40,144 new homes were registered. However for the financial year 2015/16, registrations remained in line with the previous year with 152,329 new home registrations, marginally ahead of the 152,262 registered in 2014/15.

10% increase in new home completions in 2015/16

There was also a 10% increase in the number of new home completions for the financial year up to the end of March, compared to 2014/15, with 137,396 completions in total. This increase mirrors the strong growth seen in registrations in recent years, resulting in these new homes being completed over the first few months of 2016.

As the leading warranty and insurance provider for new homes in the UK, NHBC’s registration statistics are a lead indicator of UK house-building activity. Commenting on the Q1 figures, NHBC Chief Executive Mike Quinton said: ”

“Our latest statistics show that the industry is consolidating on the strong growth in registrations seen in recent years. Registrations are now around 80% higher than the depths of the financial crisis in 2008/09, driven by increased activity from private sector housebuilders.

“Because of the increase in registrations we are now also seeing the resulting completions come through, as reflected in the 10% rise in the number of new homes completed in the financial year.

“As ever, NHBC’s mission is to ensure construction quality of the very highest standard in new homes across the UK and that this emphasis on quality remains unwavering – particularly during periods of increased activity and production that we have recently seen.”

Full regional breakdown of total new homes registered 2016 by region/country:

Region

Q1 2016

Q1 2015

England – Regions  
North East

1,131

1,180

North West

3,732

3,198

Yorkshire & the Humber

1,889

2,223

West Midlands

3,490

3,832

East Midlands

3,114

3,572

Eastern

3,582

4,317

South West

4,057

4,422

Greater London

4,751

5,620

South East

6,117

6,670

Totals for England

31,863

35,034

Scotland – Councils

2,910

3,187

Wales – Unitary Authorities

1,142

1,146

Northern Ireland – Counties

651

777

Totals for UK

36,566

40,144

 

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