New home growth has
continued throughout October according to the latest statistics from NHBC, with
14,579 homes registered in the UK, following the strong numbers seen in recent
months.
This represents an
8% increase on October 2017 (13,482), with the private sector up 7% (11,097
compared to 10,383 in 2017) and the affordable sector up 12% (3,482 compared to
3,099 in 2017).
For the rolling
quarter, between August and October, 42,307 new homes were registered compared
to 39,625 in 2017 – an increase of 7%. During this period there were
32,565 new homes registered in the private sector (30,871 in 2017: +5%) and
9,742 in the affordable sector (8,754 in 2017: +11%).
Overall there is
growth in eight out of 12 UK regions, including Yorkshire & Humberside
(+34%), London (+31%) and the South West (+24%).
NHBC is the leading
warranty and insurance provider for new homes in the UK and its registration
statistics are a lead indicator for the new homes market.
NHBC Chief Executive
Steve Wood said: “Despite a slow start to the year because of the extreme
weather conditions, it is very pleasing to report that the upturn in
registrations we saw over the summer is continuing.
“Although there is
some caution as we all wait to see what happens on Brexit, we are hopeful that
this strong end to the year will be maintained, as the industry strives to
build more new, high-quality homes that the UK needs.”
