Builders and
developers registered the highest number of new homes for 12 years during the
last three months, recording more than 43,000 new homes in the UK, according to
the latest figures from NHBC, with inward investment in the rental sector
driving much of the growth.
A total of 43,438
new homes were registered between April and June 2019, 12% up on the same
period last year (38,937) and the highest since Q4 2007 when 43,525 were
registered.
NHBC Chief Executive
Steve Wood said: “It is great to see this sign of confidence in new-build
housing and that the positive start to the year has continued into the
summer.
“The combination of
the growing private rental sector and on-going investment into the UK market is
helping to boost new home registrations.”
The upturn in London
continues with 6,000 registrations over the last three months – more than
double what was registered a year ago. The North West (+47%) and Scotland
(+17%) also enjoyed buoyant quarters, with eight out of 12 UK regions showing
an increase on 2018 numbers.
Overall, the private
sector increased by 14% (29,993 v 26,422 in 2018) and the affordable and rental
sector by 7% (13,445 v 12,515 in 2018).
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 UK statistics
show that: during April 2019 – June 2019 the number of NHBC new home
registrations was 43,438 compared to 38,937 a year ago; 29,993 were registered
in the private sector, compared to 26,422 in the previous year; and 13,445 were
registered in the affordable and rental sector, compared to 12,515 in the
previous year.
