New figures released by NHBC have revealed that the number of new homes registered in the UK in February increased by 25% compared to the same month last year.
11,734 new homes (9,209 private sector; 2,525 public sector) were registered in February, compared to 9,390 a year ago, although this was 2014's poorest month in terms of new home registrations.
For the rolling quarter (Dec 2014 - Feb 2015), 36,505 new homes were registered compared to 29,681 for the same period last year, an increase of 23%. The private sector recorded 28,139 registrations compared to 21,373 (+32%) a year ago with the public sector showing a marginal one per cent increase with 8,366 new homes compared to 8,308 for this quarter
As the leading warranty and insurance provider for new homes in the UK, NHBC¿s monthly registration statistics are a leading indicator of the health of the country's new homes market.
Commenting on the latest registration statistics, NHBC Chief Executive Mike Quinton said:
"We are very pleased that the growth we saw throughout last year has continued into 2015, with our latest figures clearly showing that registrations are up on 2014 levels for the last three months, which is great news for the industry.
However, we have been clear that we are building way below the level of homes that our country so desperately needs, therefore it is important that we keep up this momentum."
NHBC UK statistics for December 2014 - February 2015 show that during December 2014 - February 2015 the number of registrations was 36,505, a 23% increase on last year (29,681). Of these:
- Private sector registrations in December 2014 - February 2015 increased by 32% (28,139), compared with the same period last year (21,373).
- Public sector registrations in December 2014 - February 2015 increased by 1% (8,366) when compared to the same period last year (8,308).
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.
