Friday, 26 January 2018

New Home registrations highest since 2007 says NHBC

Good news from the Housebuilding industry as it was announced that annual registrations last year were the highest since 2007, according to NHBC’s latest figures.

The number of new homes registered to be built in 2017 increased 6% against 2016 to 160,606 homes, NHBC said. Of these, 118,825 were for private new homes, up 3%. Registrations for the affordable sector grew 14% to 41,781, the increase driven by a rise in registrations in the private rented sector. These figures are included in the affordable housing data, NHBC said.

Meanwhile, in 2017 new home completions lifted 4% to 147,278 homes against 2016.

Nine out of 12 UK regions saw increases in registrations, with the East Midlands (+19%; 14,481), Wales (+19%; 5,470) and the North West (+12%; 16,947) seeing some of the highest growth.

London, a region struggling in recent years, experienced a slight annual rise in registrations, up 1% to 17,850 on 2016.

Steve Wood, NHBC’s CEO, said: “2017 was an interesting year, politically, economically and socially.

“Our figures show the market has delivered strong growth resulting in the highest new home figures for a decade and growth across the majority of the UK, including London for the first time since 2014.

“Looking ahead, NHBC will continue to work with the industry to help raise the standards of new homes.  With 6% growth in the quantity of new home registrations, the focus on delivering quality for consumers remains critical.”

Photo via Shutterstock 

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