The number of new
homes to be built for those in the affordable and rental sector in the UK
continues to rise significantly but these gains have failed to offset the
decline in the private sector registrations, according to the latest NHBC
figures.
A total of 3,875 new
homes were registered in the affordable and rental sector in August, a 17%
increase year-on-year (3,252 in 2018), whilst home registrations in the private
sector fell 20% to 8,420 (10,460 in 2018).
The overall number
of new homes registered to be built by builders and developers across the UK in
the month was down 10% compared to August 2018 (12,295 in 2019; 13,712 in
2018).
For the rolling
quarter, between June and August, 40,213 new homes were registered compared to
42,329 in 2018 – a decrease of 5%. Within this, there was an 8% fall in the
private sector, partially offset by 4% growth in the affordable and rental
sector.
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: “The slowdown in overall
registrations in August seems to be partly due to prevailing uncertainties in
this pre-Brexit period. Nonetheless, it is encouraging to see growth coming through
in the affordable and rental sector.”
NHBC UK statistics
show that:
- During June’ 19 – August ‘19
the number of NHBC new home registrations was 40,213 compared to 42,329 a
year ago.
- 27,795 were registered in the
private sector, compared to 30,358 in the previous year.
- 12,418 were registered in the
affordable and rental sector, compared to 11,971 in the previous year.
