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New home growth continues over summer, reports NHBC

The number of new homes being registered to be built across the UK continues to outperform 2014 levels, according to the latest NHBC figures for July.

Following the strong figures reported for Q2 2015, the new statistics reveal an increase of 14% for the rolling quarter May - July, compared to the same period last year, with 43,684 new homes registered in the UK (32,521 private sector; 11,163 public sector). Last year, 38,365 new homes were registered in the same three month period (28,804 private sector; 9,561 public sector).

The public sector increased by 17% during this time, when compared to the same period last year, providing further evidence of noticeable growth as a result of the changes to, and the extension of, the Affordable Homes Programme.

As the leading warranty and insurance provider for new homes in the UK, NHBC's registration statistics help to provide new and accurate data on the country's new homes market.

In July, registrations increased by 12%, with 14,876 new homes registered (11,270 private; 3,606 public) compared to 13,320 in the same month last year (10,389 private; 2,931 public).

Commenting on the latest registration statistics, NHBC Chief Executive Mike Quinton said: "Following the strong growth we reported in our quarterly statistics, it is pleasing to see this progress continue into the second half of 2015. However, as we have continually stressed since housing output began to increase two years ago, the UK is still building way below the volumes of homes that we desperately need."

NHBC UK statistics for May - July 2015 show that:

During May - July 2015, the number of registrations was 43,684, a 14% increase on last year (38,365). Of these:

  • Private sector registrations in May - July 2015 increased by 13% (32,521), compared with the same period last year (28,804).
  • Public sector registrations in May - July 2015 increased by 17% (11,163) when compared to the same period last year (9,561).

Full regional breakdown of total new homes registered May - July 2015 by region/country:

Region

May - July 2015

May - July 2014

England - Regions

 

 

North East

1,638

1,375

North West

4,062

2,983

Yorkshire & the Humber

1,821

2,470

West Midlands

3,632

3,266

East Midlands

3,602

4,059

Eastern

4,752

3,555

South West

4,146

3,975

Greater London

9,118

6,326

South East

5,204

6,154

Totals for England

37,975

34,163

Scotland - Councils

3,543

2,492

Wales - Unitary Authorities

1,327

1,143

Northern Ireland - Counties

839

567

Totals for UK

43,684

38,365

 

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 | 07435 786 851
Nadia Bedra | 01908 746 734 | 07501 226 656

News Date: 28/08/15