NHBC’s latest
statistics show the number of new homes registered to be built in the UK during
the last three months is 9% down on last year’s levels, despite a significant
increase in the affordable and rental sector.
In total 39,364 new
homes were registered over the last three months compared to 43,403 a year ago.
In the private
sector 27,916 homes were registered, 16% down on the 33,110 12 months ago.
Continuing the trend over recent months, the affordable and rental sector
(which includes shared ownership and homes built for private, social or
affordable rent) increased by 11% compared to 2018 figures (11,448 v 10,293).
During Q3 there were
increases in three out of 12 UK regions, with the West Midlands reporting a 52%
increase in registrations (4,760 v 3,136), a result of 1,200 plots registered
in Birmingham for the 2022 Commonwealth Games Athletes’ Village.
NHBC is the leading
warranty and insurance provider for new homes in the UK and its registration
statistics are a lead indicator for the new homes market.
Commenting on the
latest figures, NHBC Chief Executive Steve Wood said: “It is great to see the
strength of the affordable and rental sectors, whilst we would hope that the
slowdown in private sector registrations is transient, and a function of
short-term Brexit uncertainties.
“In any event, NHBC
will continue to work with builders to raise standards and improve quality for
homeowners.”
NHBC UK statistics
show that:
- During July '19 – Sept '19
the number of NHBC new home registrations was 39,364 compared to 43,403 a
year ago.
- 27,916 were registered in the
private sector, compared to 33,110 in the previous year.
- 11,448 were registered in the
affordable and rental sector, compared to 10,293 in the previous year.
