New housing registrations fall 9%

Aaron Morby 7 years ago

New housing registrations fell in the first three months of 2016 as last year’s slowdown in starts in London seemed to ripple out to the Midlands and East of England.

According to NHBC’s latest new home registration statistics for the UK, the overall number of homes registered fell 9% to 36,566 in the first quarter compared with the same time last year.

Private sector home registrations decreased 7% to 28,398 homes, while the public and affordable sector fell 15% with 8,168 new homes registered compared to the first quarter in 2015.

Year-on-year first quarter falls were seen in London (-15%), the east of England (-17%) and the Midlands (-10%).

For the financial year 2015/16, registrations were disappointingly static at 152,329 new home registrations, marginally ahead of the 152,262 registered in 2014/15.

NHBC new registrations and completions
Region/country Q1 2016 Q1 2015 Registrations 2015/16 Registrations 2014/15 Completions 2015/16 Completions 2014/15
North East 1,131 1,180 5,775 5,213 5,059 5,178
North West 3,732 3,198 14,086 11,775 12,262 11,290
Yorkshire & the Humber 1,889 2,223 7,299 9,339 7,588 7,281
West Midlands 3,490 3,832 13,163 13,166 11,922 10,708
East Midlands 3,114 3,572 12,756 12,665 11,829 10,725
Eastern 3,582 4,317 16,134 15,444 13,486 13,352
South West 4,057 4,422 15,356 15,564 13,683 13,117
Greater London 4,751 5,620 25,122 26,237 22,207 17,972
South East 6,117 6,670 22,443 23,550 20,653 17,822
Totals for England 31,863 35,034 132,134 132,953 118,579 107,455
Scotland – Councils 2,910 3,187 12,463 11,548 11,145 10,918
Wales – Unitary Authorities 1,142 1,146 4,635 5,045 4,661 4,246
Northern Ireland – Counties 651 777 3,097 2,716 2,831 2,598
Totals for UK 36,566 40,144 152,329 152,262 137,396 125,217

More welcoming for the Government, which has rolled out a raft of initiatives to encourage house builder to up delivery rates, completions were up 10% to 137,396.

NHBC Chief Executive Mike Quinton said: “Our latest statistics show that the industry is consolidating on the strong growth in registrations seen in recent years. 

“Because of the increase in registrations we are now also seeing the resulting completions come through, as reflected in the 10% rise in the number of new homes completed in the financial year.”

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