October 2014 was the strongest month for new housing registrations in over three years, according to the National House-Building Council (NHBC).
New NHBC figures show that a total of 13,950 new homes were registered last month – 11,151 in the private sector and 2,799 in the public sector. The previous highest single month for new home registrations was in June 2011, when 14,565 homes were registered.
October also showed a 10% increase in growth compared to the same month last year, when 12,682 new homes were registered (9,666 private sector; 3,016 public sector).
Mike Quinton, NHBC chief executive, said: “The October figures show that the UK house-building industry is continuing to build on the strong new housing volumes seen in 2013. All the signs are that 2014 will be another encouraging year with growth being registered across all parts of the UK.
“While this is obviously positive news, we know that the industry is working from a historically low base so there is still much work to do to ensure this momentum continues.”
This growth was also registered on a quarterly basis, with the August to October period showing an increase of 14% compared to the same period in 2013, with a total of 37,140 new homes registered across the country (32,716 for the same period in 2013).
These figures also show a 20% increase in private sector registrations, while public sector registrations are down by 7%.