New home registrations remain stable in the second quarter of 2017 according to NHBC

Written by Allen Walkey on - Breaking News -

NHBC Q2 2017 statistics, released yesterday 9th August 2017 headlined ‘Latest new home registrations in line with 2016, reports NHBC’.

The number of registrations was 40,343, a 1% decrease on last year (40,810). Of these:

Private sector registrations in Q2 2017 decreased by 7% (29,123), compared with the same period in 2016 (31,381).

Affordable sector registrations in Q2 2017 increased by 19% (11,220) when compared with the same period in 2016 (9,429).

The continued rise in the affordable sector can be attributed to a number of larger Housing Associations developing homes for market rent, private sale and shared ownership along with a rise in joint ventures with the private sector.

Commenting on the latest new home statistics, NHBC Business Development Director Neil Jefferson said: “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.”

Read the NHBC Q2 2017 statistics report in full click here.

 

 

Author: Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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