New home growth is
continuing with more than 15,000 new homes registered to be built in November,
according to the latest figures from NHBC – the second highest monthly total of
2018.
A total of 15,155
new homes were registered (11,135 private sector; 4,020 affordable sector), a
2% increase on the 14,802 a year ago (11,017 private sector; 3,785 affordable
sector).
For the rolling
quarter, between September and November, 43,745 new homes were registered
compared to 40,858 in 2017 – an increase of 7%. During this period there were
33,104 new homes registered in the private sector (31,146 in 2017: +6%) and
10,641 in the affordable sector (9,712 in 2017: +10%).
Yorkshire &
Humberside (+43%), Wales (+34%) and the South West (+21%) all experienced
significant growth compared to the same period 12 months ago, with London down
16% and West Midlands down 11%. Overall, nine of the 12 UK regions saw an
increase in new home registrations in the rolling quarter.
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.
Commenting on the
November figures, NHBC Chief Executive Steve Wood said: “As we reach the end of
the year it is reassuring to see continued strong new home registration
numbers, with growth across the majority of the UK.
“Looking ahead to
2019, NHBC will continue to support the country’s house-building industry to
deliver more, high quality new homes for consumers.”
