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NHBC reaction to Ed Miliband's policy agenda

NHBC's Chief Executive Mike Quinton said today: "NHBC welcomes the commitment by Ed Miliband MP in putting housing front and centre of his policy agenda in his final party conference speech before the 2015 General Election. We look forward to working with the Labour Party in the weeks and months ahead on policies to help support the delivery of more high quality new homes."

Today's announcement, which pledged to make housing a capital spending priority, shows that housing remains a key political issue and highlights the current shortfall; NHBC registration figures released today for the rolling 12 months (Sept 2013 - August 2014) show 137,500 new homes were registered across the UK.

As the leading warranty and insurance provider for new homes in the UK, NHBC's monthly registration statistics help to provide new and accurate data on the country's new homes market. The latest registration figures have revealed the number of new homes in the UK continues to increase on last year's high volumes.

The latest figures for the rolling quarter (June to August) reveal that 35,621 new homes were registered (26,876 private sector; 8,745 public sector) compared to 33,593 (24,692 private sector; 8,901 public sector) in the corresponding period in 2013 - an increase of 6%.

Overall registration figures for August compared to the same month last year show an increase of 10% (10,742 in 2014; 9,769 in 2013). A total of 8,293 (7,281 in 2013) new homes were registered in the private sector and 2,449 (2,488 in 2013) in the public sector during the month.

With the private sector proving once again to be the main engine of growth, NHBC anticipates that volumes in the public sector will begin to improve once funding is agreed and allocated as part of the second phase of the National Affordable Housing Programme (NAHP).

NHBC UK statistics for June - August 2014 show that:

For the rolling quarter June - August 2014 the total number of registrations was 35,621, a 6% increase on the same period last year (33,593). Of these:

  • Private sector registrations in June - August 2014 increased by 9% (26,876), compared with the same period in 2013 (24,692).
  • Public sector registrations in June - August 2014 decreased by 2% (8,745) when compared with the same period a year ago (8,901).

Full regional breakdown of total new homes registered June - August 2014 by region/country:

Region

June - August 2014

June - August 2013

England - Regions

 

 

North East

1,240

1,198

North West

2,718

2,239

Merseyside

279

460

Yorkshire & the Humber

2,376

2,109

West Midlands

3,708

2,751

East Midlands

3,109

2,619

Eastern

3,779

3,355

South West

3,507

3,284

Greater London

4,933

5,840

South East

5,368

5,801

Totals for England

31,017

29,656

Scotland - Councils

2,683

2,702

Wales - Unitary Authorities

1,234

847

Northern Ireland - Counties

621

350

Isle of Man

66

38

Totals for UK

35,621

33,593

 

NHBC's role is to support the industry in maintaining and improving the build quality of new homes for homebuyers, whilst providing the benefit of its 10-year Buildmark warranty protection, when required.

NHBC does this through a wide range of activities, from standards setting through technical support to warranty and insurance.

NHBC is a non-profit distributing organisation with no shareholders. It invests any surplus into activities that improve new homes further, in particular through its research arm, the NHBC Foundation.

NHBC is the leading warranty and insurance provider for new homes in the UK. NHBC's ten-year Buildmark warranty covers around 80 per cent of new homes built in the UK, having covered nearly eight million homes since it began and currently protecting around 1.6 million homes.

 

NHBC Media Contacts

James Hall | 01908 746 738 | 07432 786 851
Nadia Bedra | 01908 746 734 | 07501 226 656

News Date: 23/09/14