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12,181 new homes registered in February 2016, reports NHBC

More than 12,000 new homes were registered to be built in the UK in February according to NHBC's latest registration statistics.

  • New home registrations up 4% up on February 2015
  • 8% fall in registrations over last 3 months
  • Overall new home completions up by 6% over last 3 months

February's total of 12,181 (9,632 private sector; 2,549 public sector) represented a 4% increase on February 2015 (11,674 overall - 9,129 private sector; 2,545 public sector). Growth came entirely from the private sector which saw an increase of 6% compared to the same period last year.

There were 33,251 new home registrations in the rolling quarter (December 2015 - February 2016). This represented a fall of 8% on the same period 12 months ago, signalling a slow start to the year.

By contrast, the number of completions continues to rise, up 6% on the same period 12 months ago.

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; "February's new home registration figures demonstrate steady levels of house-building activity. Despite a slow overall start to the year, industry confidence remains high and house builders are progressing well with their plans for growth in 2016, as seen by the increase in the number of new home completions.

"As last week's Budget showed, house building is still a top priority for the Government and NHBC is committed to supporting the industry to provide the high-quality new homes people so desperately need."

  • During December '15 - February '16, the number of NHBC new home registrations was 33,251, an 8% decrease on the same period last year (36,211)
  • 25,133 were registered in the private sector, a 10% decrease compared to last year (27,809)
  • 8,118 were registered in the public sector, a 3% decrease compared to last year (8,402)

Full regional breakdown of total new homes registered for the rolling quarter Dec 2015 - Feb 2016;

Region

Dec 15 - Feb 16

Dec 14 - Feb 15

England - Regions

 

 

North East

1,132

1,044

North West

3,204

3,048

Yorkshire & the Humber

1,957

2,702

West Midlands

3,113

3,214

East Midlands

2,871

2,897

Eastern

3,476

3,295

South West

3,069

3,384

Greater London

4,912

6,733

South East

5,466

5,643

Totals for England

29,200

31,960

Scotland - Councils

2,818

2,424

Wales - Unitary Authorities

714

1,100

Northern Ireland - Counties

519

717

Totals for UK

33,251

36,211

 

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: 24/03/16