New home registrations up overall reports NHBC
According to the NHBC latest new home registration statistics a total of 41,222 new homes were registered by in Q2 throughout the UK. In the private sector 31,753 new homes were registered, a 6% increase on the 30,086 a year ago. The public and affordable sector was down 13% with 9,469 new homes registered compared to 10,845 in Q2 2015.
The overall number represents a 1% increase on the same period last year when 40,931 new homes were registered, making it the strongest quarter since 2007.
Commenting on the Q2 figures, NHBC Chief Executive Mike Quinton said: “Our latest statistics show that the industry continues to consolidate on the strong growth in registrations seen over recent years.
“These registrations reflect continued industry confidence in the run-up to the EU Referendum at the end of June. Indeed, this period was the strongest quarter since Q4 2007, albeit still some way off levels seen over a decade ago.
“NHBC remains fully committed to support the industry to build new homes to the highest possible standards.”
To read the NHBC Q2 report in full click here
You May Also Enjoy
Stop managing damp. Start managing risk
Biggest challenges facing agents is generating motivated buyer leads
Against all odds, recovery remains on track
Manchester tops decade of property price growth with London bottom
Second home hot-spots hit hardest by property slump
