Builders and
developers across the UK registered a total of 15,343 new homes during October
according to NHBC’s latest statistics, a year-on-year increase of 6% (October
2018: 14,494).
A total of 10,688 were
registered in the private sector (10,941 in October 2018) and 4,655 in the
affordable and rental sector (3,553 in October 2018). The figure makes October
the second busiest registration month of 2019 to date.
For the rolling
quarter, between August and October, 40,472 new homes were registered compared
to 42,198 in the same period in 2018 – a decrease of 4%. Within this there was
a 12% fall in the private sector, with the affordable and rental sector (which
includes shared ownership and homes built for private, social or affordable
rent) growing by 22%.
Overall during this
period there was growth in four out of the 12 UK regions, including the West
Midlands (+56%), London (+10%) and Yorkshire and Humberside (+6%).
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
latest figures, NHBC Chief Executive Steve Wood said: “Following several months
of slowdown as a result of Brexit uncertainties, it is promising to see
encouraging numbers for October.
“NHBC will continue
working with the industry to maintain and improve the quality of new homes for
the people who live in them.”
NHBC UK statistics
show that: during Aug '19 – Oct '19 the number of NHBC new home
registrations was 40,472 compared to 42,198 a year ago; 28,182 were registered
in the private sector, compared to 32,160 in the previous year; and 12,290 were
registered in the affordable and rental sector, compared to 10,038 in the
previous year.
