Encouraging news from the NHBC as private sector registrations rose 7% during the June to August quarter, according to NHBC’s latest statistics.
During the period, 30,738 new homes were registered in the private sector compared to 28,660 over the same timeframe in 2017. Meanwhile, those for the affordable sector grew 23% to 11,809.
NHBC said that in London, “a considerable increase in the number of private rental sector developments and large housing association projects” during the period helped drive a 145% increase in registrations against the same quarter in 2017.
Total registrations for the rolling quarter rose 11% to 42,547 new homes.
In August, the number of new homes registered increased 1% to 13,713 year-on-year. Private sector registrations were slightly down during the month, slipping to 10,588 new homes against August 2017’s 10,738. Those for the affordable sector were up from 2,801 in 2017 to 3,125.
NHBC’s chief executive Steve Wood said: “We continue to see strong numbers in many parts of the UK with a substantial uplift in London, driven by increased activity by housing associations and the continued flow of inward investment on for-sale and private rental developments.
“The continuing uncertainties around Brexit and the UK’s economic outlook do not seem sufficient to dent confidence in the new homes market, where NHBC’s focus remains on helping developers to build more, high-quality homes for people across the country.”