More than 13,500 new
homes were registered to be built in August, according to NHBC’s latest new
home registration statistics, an increase of 9% compared to a year ago.
A total of 13,569
new homes (10,811 private sector; 2,758 affordable sector) were registered
during the month, compared to 12,489 (9,153 private sector; 3,336 affordable
sector) in August 2016.
And 38,360 new homes
were registered during the rolling quarter (June to August), a 3% increase on
the 37,145 registered at the same time last year.
Over the rolling
quarter 28,866 homes were registered in the private sector, representing a 2%
increase on the same period a year ago (28,247), with 9,494 new homes
registered in the affordable sector, a 7% increase on 2016 numbers (8,898).
The rise in the UK's
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.
Half of the 12 UK
regions experienced growth in registrations over the rolling quarter, when
compared to the same period last year. Scotland (3,381 +44%), West Midlands
(3,411 +27%) and Wales (1,529 +25%) were among the regions with most notable
growth.
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
August's figures, NHBC Business Development Director Neil Jefferson said:
"The sustained growth in new home registrations has continued as we
approach the latter part of the year.
"The demand for
new homes remains strong, so it is a promising sign that August's registrations
show growth in both the private and affordable sectors and across half of the
UK regions."
During June - August
2017, the number of NHBC new home registrations was 38,360 compared to 37,145
in the same period last year. Of these: 28,866 were registered in the private
sector, compared to 28,247 in the same period last year; and 9,494 were registered
in the affordable sector, compared to 8,898 in the same period last year.
