UK new home registrations up 6% in 2017

Industry News,New Homes

UK new home registrations up 6% in 2017

by on Friday 26 January, 2018 in Industry News,New Homes


More than 160,000 new homes were registered with NHBC last year to be built in the UK , an increase of 6% on 2016.

160,606 homes were registered throughout the course of 2017, up from the 152,017 the previous year and the highest since the pre-recession levels of a decade ago.

The private sector grew by 3% with 118,825 new homes registered, with the affordable sector increasing by 14% to 41,781 – the highest yearly total for the sector since NHBC electronic records began 30 years ago.

New home completions also increased by 4% from 141,685 in 2016 to 147,278 last year.

9 out of 12 UK regions experienced an increase in registrations, with the East Midlands (+19% ;14,481), Wales (+19%; 5,470) and North West (+12%; 16,947) among the areas which saw noticeable growth.

Figures for London showed the rate of new homes being registered was slightly up on 2016, with 17,850 units compared to 17,587 the previous year, the first increase year-on-year in the capital since 2014.

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.

Commenting on the new home registrations statistics for 2017, NHBC Chief Executive Steve Wood said:

“Our figures show the market has delivered strong growth resulting in the highest new home figures for a decade and growth across the majority of the UK, including London for the first time since 2014.

“Looking ahead, NHBC will continue to work with the industry to help raise the standards of new homes. With 6% growth in the quantity of new home registrations, the focus on delivering quality for consumers remains critical.”

Here’s the full regional breakdown of total new homes registered for 2017 compared to 2016.

NHBC – UK Registrations by Region
England – Regions 2017 2016
NORTH EAST 6,605 6,170
NORTH WEST & MERSEYSIDE 16,947 15,144
YORKSHIRE & HUMBERSIDE 9,376 9,691
WEST MIDLANDS 14,962 13,216
EAST MIDLANDS 14,481 12,197
EASTERN 17,319 15,923
SOUTH WEST 15,143 16,500
LONDON 17,850 17,587
SOUTH EAST 26,142 26,147
TOTAL ENGLAND 138,825 132,575
SCOTLAND 12,785 11,574
WALES 5,470 4,613
NORTHERN IRELAND & ISLE OF MAN 3,526 3,255
TOTAL UK 160,606 152,017

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 ten-year Buildmark warranty. Completions refer to when a new home is completed as indicated by NHBC inspectors.
  • Changes can occur between figures published at different times owing to changes in policies and cancellations.
  • NHBC is the leading warranty and insurance provider for new homes in the UK. NHBC’s ten-year Buildmark warranty covers around 80 per cent of new homes built in the UK, having covered nearly eight million homes since it began and currently protecting around 1.5 million homes. NHBC is a non-profit distributing organisation with no shareholders.

 

 

 

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