New home registration figures

A stable second quarter
New home registration figures
August 27th, 2017

New statistics have indicated that 40,000 new homes were registered to be built in the UK during the second quarter of 2017, indicating a more or less level and stable new build market so far this year.

According to NHBC, the number of homes registered by developers reached 40,343 over the three months to June, a slight drop of 1% compared to the same period last year. Six out of the 12 UK regions experienced growth in registrations, when compared to the same period last year.

In the private sector, there was an annual fall of 7%, with the number of new homes registered down to 29,123. In contrast, the affordable sector saw an increase, up by 19% to 11,220 compared to 2016, a change attributed to a number of larger Housing Associations developing homes for market rent, private sale and shared ownership.

NHBC Business Development Director Neil Jefferson commented: ‘New home registrations have remained stable in the second quarter of this year, with some areas of the UK seeing significant increases in registration volumes. With demand for housing as strong as ever, the growth seen in the affordable sector is particularly encouraging.’

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