New home registrations over the last three months remain at a similar level to the same period a year ago, according to the latest NHBC figures.
In total, 37,582 new homes (30,046 private sector; 7,536 public sector) were registered between August and October compared to 37,707 (29,784 private sector; 7,923 public sector) in 2014.
In total 36,219 new homes were registered in Q3 compared to 36,955 a year ago. The private sector is static at -1% (28,527; 28,906 in 2014), with the public sector down by 4% (7,692; 8,049 in 2014).
In October 16,434 new homes (12,965 private sector; 3,469 public sector) were registered, an increase of 17% on the same month last year (13,997 - 11,188 private sector; 2,809 public sector). One reason for the substantial volumes seen during October is that builders registered new homes in time to take advantage of the lower rate of Insurance Premium Tax which increased by 3.5% on November 1st.
As the leading warranty and insurance provider for new homes in the UK, NHBC's registration statistics help to provide new and accurate data on the country's new homes market.
Commenting on the new registration statistics, NHBC Chief Executive Mike Quinton said: "The last three months have seen new home registrations in line with the corresponding period a year ago. However we expect to be reporting growth for 2015 as a whole, as the first 10 months of 2015 show a 10% increase in registrations compared to the same period last year."
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.
