New house building figures released by NHBC for Q1 2015 show that more than 40,000 new homes were registered in the UK during the first three months of the year, an increase of 18% on the same period last year.
In total, 40,281 new homes (30,691 private sector; 9,590 public sector) were registered, compared to 34,163 (24,428 private sector; 9,735 public sector) registered during Q1 last year.
This represents a year-on-year 26% increase for the private sector, with the public sector marginally down by one per cent.
Figures for March show that 17,210 new houses were registered (12,699 private sector; 4,511 public sector), an increase of 32% registered in the same month last year (13,068; 9,051 private sector; 4,017 public sector).
As the leading warranty and insurance provider for new homes in the UK, NHBC's monthly registration statistics help to provide new and accurate data on the country's new homes market.
Commenting on the latest registration statistics, NHBC Chief Executive Mike Quinton said: "Our figures show an encouraging start to 2015 with new housing registrations up 18% on the first quarter of last year. Housing growth levels remain strong across virtually every part of the UK.
"However, we have made clear that the UK is still building way below the volumes of homes that we need. NHBC looks forward to working with government to ensure that high quality new housing is a top priority."
NHBC UK statistics for January - March 2015 show that during January 2015 - March 2015 the number of registrations was 40,281, an 18% increase on last year (34,163). Of these:
- Private sector registrations in January - March 2015 increased by 26% (30,691), compared with the same period last year (24,428).
- Public sector registrations in January - March 2015 slightly decreased by 1% (9,590) when compared to the same period last year (9,735).
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.
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 1.6 million homes.
