Latest new home NHBC registrations in line with 2016

Industry News,New Homes

Latest new home NHBC registrations in line with 2016

by on Tuesday 15 August, 2017 in Industry News,New Homes


Developers registered 40,000 new homes to be built in the UK during Q2 2017, according to NHBC’s latest new home registration statistics.

40,343 new homes were registered during the period April – June, a marginal 1% decrease on the 40,810 registered 12 months ago.

29,123 homes were registered in the private sector, representing a 7% decrease on the same period a year ago (31,381), with 11,220 new homes registered in the affordable sector, a 19% increase on 2016 numbers (9,429).

The continued rise in the affordable sector can be attributed to a number of larger Housing Associations developing homes for market rent, private sale and shared ownership along with a rise in joint ventures with the private sector.

6 out of the 12 UK regions experienced growth in registrations, when compared to the same period last year. West Midlands (4,223, up 33%), Scotland (3,709, up 23%) and Wales (1,345, up 56%) were among the regions with most notable growth.

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

Commenting on the latest new home statistics, NHBC Business Development Director Neil Jefferson said:

“New home registrations have remained stable in the second quarter of this year, with some areas of the UK seeing significant increases in registration volumes.

“With demand for housing as strong as ever, the growth seen in the affordable sector is particularly encouraging.”

 

In detail – NHBC UK statistics for Q2 2017 show that:

The number of registrations was 40,343, a 1% decrease on last year (40,810). Of these:

  • Private sector registrations in Q2 2017 decreased by 7% (29,123), compared with the same period in 2016 (31,381).
  • Affordable sector registrations in Q2 2017 increased by 19% (11,220) when compared with the same period in 2016 (9,429).

Full regional breakdown of new homes registered in Q2 2017 by region/country:

Country/Region

Q2 – 2016

Q2 – 2017

England – Regions  
North East

2,087

1,451

North West

3,531

4,317

Yorkshire & the Humber

2,336

2,475

West Midlands

3,182

4,223

East Midlands

3,812

3,595

Eastern

4,347

4,118

South West

4,824

3,802

Greater London

5,029

3,518

South East

7,060

6,622

Totals for England

36,208

34,121

Scotland – Councils

3,006

3,709

Wales – Unitary Authorities

861

1,345

Northern Ireland – Counties

735

1,168

Totals for UK

40,810

40,343

 

Notes:

Registrations refer to the process of a builder registering a new plot/home to be built in the coming months or weeks, to be covered by NHBC’s 10-year Buildmark warranty. Completions refer to when a new home is completed by the builder.

Changes can occur between figures published at different times owing to changes in policies and cancellations.

NHBC’s role is to support the industry in maintaining and improving the build quality of new homes for homebuyers, whilst providing the benefit of its 10-year Buildmark warranty protection, when required.

NHBC does this through a wide range of activities, from standards setting through technical support to warranty and insurance.

NHBC is a non-profit distributing organisation with no shareholders. It invests any surplus into activities that improve new homes further, in particular through its research arm, the NHBC Foundation.

> Access the full statistical charts here

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