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10,309 new homes registered in January 2016, reports NHBC

NHBC figures show that 10,309 new homes were registered to be built in January 2016. The number of registrations fell by 9% compared to January 2015 (11,346), indicating a slow start to the year. .

The figures come after NHBC reported a 7% year on year increase in the number of new home registrations in 2015. In January 2016 a total of 7,885 private sector and 2,424 public sector homes were registered compared to 8,784 private sector and 2,562 public sector homes in January 2015.

In the rolling quarter (November 2015 to January 2016) a total of 32,468 new homes were registered, compared to 35,732 in the same period 12 months ago, a fall of 9%.

NHBC figures also show a 10% increase in the number of new home completions in the rolling quarter (November 2015 to January 2016). Completions increased to 33,182 from 30,155 in the same period 12 months ago, reflecting the strong registration growth seen during 2015.

As the leading warranty and insurance provider for new homes in the UK, NHBC's registration statistics are a lead indicator of UK house-building activity. For 80 years, NHBC has been committed to driving up quality and raising standards in housebuilding and has approximately 80% market share.

Commenting on the latest figures, NHBC Chief Executive Mike Quinton said: "We saw continued growth in new home registrations throughout 2015. Whilst the January figures indicate a slower start to 2016, industry confidence remains high, with last year's growth reflected in the increase in new home completions in the past three months.

"There's no doubt that house builders are extremely active and are optimistic about future growth. With many ambitious build programs underway, it is clear the industry is committed to delivering the high quality new homes the country needs."

NHBC UK statistics for January 2016 show that:

  • January 2016: 10,309 registrations - 7,885 private sector 2,424 public sector
  • January 2015: 11,346 registrations - 8,784 private sector, 2,562 public sector

Full regional breakdown of total new homes registered for the rolling quarter Nov 2015 - Jan 2016

Region

Nov 15 - Jan 16

Nov 14 - Jan 15

England - Regions

 

 

North East

1,321

1,396

North West

2,896

2,624

Yorkshire & the Humber

1,644

2,713

West Midlands

2,824

2,904

East Midlands

2,897

2,629

Eastern

3,206

2,794

South West

3,478

3,744

Greater London

5,176

6,859

South East

5,091

5,378

Totals for England

28,533

31,041

Scotland - Councils

2,470

2,579

Wales - Unitary Authorities

968

1,411

Northern Ireland - Counties

497

701

Totals for UK

32,468

35,732

 

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: 26/02/16