The number of new
homes registered to be built in the UK during July was 9% lower than a year
ago, according to the latest NHBC registration figures.
A total of 14,262
new homes were registered in July 2019, compared to 15,719 a year ago. 10,398
new homes were registered for the private sector (11,877 in 2018), and 3,864 in
the affordable and rental sector (3,842 in 2018).
Although down on
last July, this year’s total for the month is still above the average seen over
recent years.
For the rolling
quarter, between May and July, 44,163 new homes (30,584 private sector; 13,579
affordable and rental sector) were registered compared to 43,199 in 2018
(30,841 private sector; 12,358 affordable and rental sector) – an increase of
2%.
The upturn in London
continues with 6,513 registrations over the last three months: 21% more than
what was registered a year ago. The East of England (+26%) and the West
Midlands (+21%) also enjoyed buoyant quarters.
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
new figures, NHBC Chief Executive Steve Wood said: “Although new home
registrations for July are down compared to 12 months ago, we are still seeing
signs of growth coming through with the rolling quarter.
“Despite the
uncertainties and concerns around Brexit, the industry remains resilient and
you can see that in these figures.”
NHBC UK statistics
show that:
- During May '19 – July '19 the
number of NHBC new home registrations was 44,163 compared to 43,199 a year
ago.
- 30,584 were registered in the
private sector, compared to 30,841 in the previous year.
- 13,579 were registered in the
affordable and rental sector, compared to 12,358 in the previous year.
