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New build home registrations jump to 11-year high – NHBC

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  • 01/11/2018
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New build home registrations jump to 11-year high – NHBC
UK builders registered more than 43,500 new homes in the three months to the end of September, the highest level since 2007, according to industry body the National House Building Council (NHBC).  

 

Builders register homes with NHBC before work is started on construction.

The amount of new homes registered in the third quarter of 2018 were 15% higher than the same period last year.

In the private sector 33,520 new homes were registered, up 16% year on-year, while 10,058 were registered in the affordable sector, an increase of 12%.

In London the number of homes has rocketed up 141% to 6,007, compared to 2,492 in the same period last year.

NHBC said the rise is due to a number of large developments being registered by housing associations and by inwards investors focused on the private rental sector.

Yorkshire and Humberside and the South West have also seen a dramatic increase of homes at 39% and 34% respectively.

 

Focus on innovation

NHBC chief executive Steve Wood said: “The upturn in registrations over recent months is good news for the industry and shows that there remains a strong demand for high quality new homes in many parts of the UK.

“The increase in London is welcome, although it has been boosted by a number of large-scale developments and has to be set against unusually low figures this time last year.

“On a broader front, the industry remains cautious in the short-run until the economic impact of Brexit is clearer.

“Attaining the government’s target of 300,000 new homes by the middle of the next decade will require a real focus on innovation, particularly the use of modern methods of construction, and on building skills and capacity in the workforce onsite, topics many builders are actively grappling with.”

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