Builders registered
nearly 38,000 new homes in the UK during Q3 2017, according to NHBC's latest
new home registration statistics, the highest Q3 total since the recession.
In the period July -
September 37,936 new homes were registered, representing a 6% increase on the
35,946 registered in the same period last year.
The private sector
saw a 9% increase for the quarter (Q3 2017: 29,083 vs Q3 2016: 26,611), with
8,853 new homes registered in the affordable sector, a 5% decrease on Q3 2016
(9,335).
Seven out of the 12
UK regions experienced growth in registrations, when compared to the same
period last year. Scotland (3,056 +50%), East Midlands (3,575 +42%) and the
North East (2,078 +34%) were among the regions with most notable growth.
As the leading
warranty 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
latest new home statistics, NHBC Chief Executive Steve Wood said: "We have
seen encouraging growth in terms of the number of new homes being registered
over the last three months, across many parts of the country."
"With demand
for high quality new homes as strong as ever, this is positive news for the
industry and prospective homebuyers, particularly in light of the current
political and economic uncertainties."
The number of
registrations was 37936, a 6% increase on last year (35,946). Of these: private
sector registrations in Q3 2017 increased by 9% (29,083), compared with the
same period in 2016 (26,611); and affordable sector registrations in Q3 2017
decreased by 5% (8,853) when compared with the same period in 2016 (9,335).
