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12,975 new homes registered in May, according to NHBC

Almost 13,000 new homes were registered to be built in the UK in May according to NHBC's latest registration statistics.

An overall total of 12,975 new homes (9,621 private sector; 3,354 public sector) were registered in May, compared to 14,149 (10,862 private sector; 3,287 public sector) 12 months ago, a decrease of 8% compared to a year ago. However, completions were up 8% for the month compared to last May (12,045 in 2016; 11,149 in 2015).

There were 41,180 new home registrations in the rolling quarter (March 2016 - May 2016), a decrease of 5% on last year's figures (43,452).

During these three months, 4 out of 12 UK regions experienced increases in registrations, compared to 2015, including the South East (+21%) and the North East (+7%).

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 an 80% market share.

Commenting on the latest figures, NHBC Chief Executive Mike Quinton said: “These statistics show that while there has been a decrease in the overall number of new home registrations in May and the rolling quarter, perhaps reflecting caution ahead of the EU Referndum, new home completions have risen 8% compared to the same period a year ago.

"These figures represent a consolidation on the high levels of growth seen in recent years and it’s clear that the sector is still highly active in working to meet the strong demand for new homes across the UK.

"Now and in the future, NHBC remains fully committed to support the industry to build new homes to the highest possible standards."

  • During March '16 - May '16, the number of NHBC new home registrations was 41,180, a 5% decrease on the same period last year (43,452)
  • 31,669 were registered in the private sector, a 3% decrease compared to last year (32,494)
  • 9,511 were registered in the public sector, a 13% decrease compared to last year (10,958)

Full regional breakdown of total new homes registered for the rolling quarter Mar 2016 - May 2016;

 

 

News Date: 26/05/16