More than 13,700 new
homes were registered to be built in the UK during August, according to the
latest NHBC registration figures, with strong growth in London.
A total of 13,713
new homes were registered in August 2018, a 1% increase on the same month last
year. 10,588 new homes were registered for the private sector (10,738 in 2017),
and 3,125 in the affordable sector (2,801 in 2017).
For the rolling
quarter, between June and August, 42,547 new homes were registered compared to
38,296 in 2017 – an increase of 11%. During this period there were 30,738 new
homes registered in the private sector (28,660 in 2017: +7%) and 11,809 in the
affordable sector (9,636 in 2017: +23%).
In London, a
considerable increase in the number of private rental sector developments and
large housing association projects during this three month period has
contributed to a 145% increase in registrations compared to the same period in
2017.
As the leading
warranty and insurance provider for new homes in the UK, NHBC's registration
statistics are a lead indicator for the new homes market.
Commenting on the
August figures, NHBC Chief Executive Steve Wood said: "We continue to see
strong numbers in many parts of the UK with a substantial uplift in London,
driven by increased activity by housing associations and the continued flow of
inward investment on for-sale and private rental developments.
"The continuing
uncertainties around Brexit and the UK’s economic outlook do not seem
sufficient to dent confidence in the new homes market, where NHBC’s focus
remains on helping developers to build more, high-quality homes for people
across the country."
The number of NHBC
new home registrations was 42,547 compared to 38,296 a year ago, of these:
30,738 were registered in the private sector, compared to 28,660 in the
previous year; and 11,809 were registered in the affordable sector, compared to
9,636 in the previous year.
