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New home registrations jump by a fifth – NHBC

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  • 29/05/2019
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New home registrations jump by a fifth – NHBC
More than 13,500 new homes were registered to be built last month, an increase of 21 per cent on the same period in 2018.

 

According to data from the National House-Building Council (NHBC), which provides warranties and insurance for new homes, April saw 13,527 new home registrations, of which 9,972 came from the private sector.

That was compared to 11,218 a year ago, when 7,427 came from the private sector.

Seven of the 12 UK regions saw an increase in registrations according to the NHBC.

London saw the sharpest growth, a 61 per cent jump from 3,397 to 5,475 registrations. The NHBC pointed to “growth in the numbers of larger developments and an increased appetite in the private rental sector” as factors.

The biggest drop was in the eastern region where registrations fell from 4,671 to 3,661.

England saw registrations jump from 30,884 to 33,173, while in Scotland they increased from 2,987 to 3,038. Wales saw a rise from 1,249 to 1,375, while registrations in Northern Ireland dropped to 910 from 922.

Steve Wood, chief executive of the NHBC, described the stats as evidence of “another strong month”.

He continued: “To date, there is little evidence that Brexit uncertainties are denting developer confidence, while the continued flow of inward investment into the private rental sector is another good sign of resilience.”

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