New home registrations up 20% in August

The National Housebuilding Council (NHBC) has reported that nearly 12,500 new homes were registered to be built in the UK in August, marking a 20% increase compared to the same period 12 months ago.

A total of 12,486 new homes were registered in August, 2,095 more than the 10,391 recorded this time last year.

The figures marked a notable increase in the public sector, with 3,261 new registrations compared to 2,006 in 2015, while the private sector saw a smaller margin of increase from 8,385 to 9,225.

Overall, there were 36,869 new home registrations in the rolling quarter (June 2016 – August 2016), compared to 40,123 in the same period last year, a decrease of 8%.

However, during these months, which coincided with the industry caution experienced directly after June’s EU Referendum, several UK regions experienced a notable growth in registrations, compared to 2015, including the North East (+54%), Yorkshire & Humberside (+31%) and the South West (+23%).

Commenting on the latest figures, NHBC chief executive Mike Quinton, said: “August’s registration statistics show that the number of new homes being registered is considerably up compared to the same time last year.

“While overall rolling quarter numbers are down 8%, this came during an unprecedented period of uncertainty immediately after the EU Referendum. Despite this, over half of the UK regions experienced growth in registrations compared to the same three month period last year.

“As ever, NHBC remains fully committed to support the industry to build new homes to the highest possible standards.”

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