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New home registrations drop in July

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  • 29/08/2019
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New home registrations drop in July
Data from the National House Building Council (NHBC) reveals that the number of new homes registered to be built in the UK during July was down nine per cent on last year.

 

A total of 14,262 new homes were registered, down from 15,719 in July 2018. Of these 10,398 homes were registered for the private sector, compared to 11,877 the year before.

More encouragingly, for the three months up to July, the number of homes registered  ‒ 44,163 ‒ is up by two per cent on an annual basis. 

The NHBC noted that London is seeing an upturn, with 6,513 registrations over the last quarter, up by 21 per cent on the same period last year. Other areas to see a sharp annual rise include the East of England, up 26 per cent, and the West Midlands which was up 21 per cent.

However, Yorkshire and the Humber saw registrations crash from 2,949 to 1,966 over the quarter compared to last year, a decline of 33 per cent. The South West also saw a sharp fall of 28 per cent.

Furthermore, while registrations were up in England, they fell in Scotland, Wales and Northern Ireland.

Steve Wood, chief executive of the NHBC, said that while new home registrations for July were down compared to 12 months ago, there were still signs of growth coming through the quarterly figures.

He continued: “Despite the uncertainties and concerns around Brexit, the industry remains resilient and you can see that in these figures.”

 

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