New home registrations soar to 10-year high

Aaron Morby 7 years ago
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The pace of house building is finally showing signs of cranking up a gear with new home registrations for the first quarter of 2017 hitting a 10-year high.

Homes starts take off in first quarter
Homes starts take off in first quarter

Nearly 42,500 new homes were registered in the UK by NHBC in the first three months of the year.

This represent a 17% jump on last year with both private and social housing showing strong growth.

Private sector homes were up 10% at 31,197 units, while affordable home registration jumped 40% to 11,273 new homes compared to last year.

For the first time in seven years all 12 regions across the UK enjoyed growth in registrations, when compared to the same period 12 months ago.

The North East (+39%), London (+38%) and Eastern (+31%) were among the regions with the most notable growth.

NHBC registrations by region
Country/Region Q1 2017 Q1 2016
North East 1,567 1,131
North West 3,751 3,714
Yorkshire & the Humber 2,516 1,889
West Midlands 3,541 3,428
East Midlands 3,671 3,113
Eastern 4,671 3,576
South West 4,241 4,057
Greater London 6,690 4,845
South East 6,467 5,858
Totals for England 37,115 31,611
Scotland – Councils 3,292 3,021
Wales – Unitary Authorities 1,302 1,069
Northern Ireland – Counties 761 650
     
Total for UK 42,470 36,351

 

But new home statistics for the financial year to April were more subdued due mainly to the slowdown in London over 2016.

For the year 2016/17 new homes registered rose 4% to 157,898 with new home completions up 5% to 145,282.

NHBC Managing Director Neil Jefferson said: “These figures, with growth across the entire country, are clearly encouraging for the sector, at a time when there is considerable demand for new, high-quality homes.”

 

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