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NHBC reports greatest number of new home registrations during March for over three years

New home registrations by house builders reached the highest monthly number for over three years during March according to NHBC.

Both the private and public sectors saw substantial increases as 13,307 new homes were registered in the UK, the largest reported monthly figures since November 2007. This figure equates to a 21 per cent increase year-on-year (11,018, March 2010) and a 49 per cent increase on February's figure (8,917).

Registrations for new homes at the Athletes' Village accounted for a large proportion of this number in March (approximately 2,800) yet, these aside, monthly registrations were still the highest they have been in eight months (10,638 in July 2010).

The number of private sector registrations during March 2011 reached 7,980 - the highest the number since April 2008 (8,443) - and the number of public sector registrations increased 34 per cent year-on-year, from 3,984 in March 2010 to 5,327.

Imtiaz Farookhi, chief executive of NHBC, said:  "March's figures offer encouragement to the sector during a month in which the Coalition's Budget announced significant changes for all housebuilders.  Planning strategy, the zero carbon definition of a new home and the New Homes Bonus were all included in the Budget and the fact that new home registrations held up is a positive sign.

"While a large proportion of registrations were driven by plans at the Athletes' Village, housing analysts have reported better than expected growth in house building during the first quarter of 2011 and our figures for March certainly reflect this positivity.  Hopefully Government measures designed to incentivise the building and buying of new homes will deliver a level of stability and reassurance for the market and encourage its growth."

Figures for rolling quarter January 2011 - March 2011 (30,012) showed a seven per cent rise on the same period a year ago (27,974) but was the highest rolling quarter since May to July 2010 (30,771).

NHBC statistics for the rolling quarter January 2011 - March 2011 show that:

  • Private sector registrations were up 4%  (to 19,092) when compared with the same period a year ago (18,412)
  • Public sector registrations were up 14%, from 9,562 a year ago to 10,920 this quarter

NHBC publishes a quarterly booklet of its new house-building statistics - subscribe here.

Note to editors:

Full regional breakdown of new homes registered January 2011 to March 2011 by region / country:

Region

January 2011 to March 2011

January 2010 to March 2010

England - Regions

 

 

North East

689

1,323

North West

1,764

1,809

Yorkshire & the Humber

1,192

1,899

West Midlands

1,597

2,349

East Midlands

1,776

2,323

Eastern

3,448

3,497

South West

2,942

3,070

Greater London

8,581

3,100

South East

4,764

4,707

Totals for England

26,753

24,077

Scotland - Councils

1,948

1,987

Wales - Unitary Authorities

918

1,120

Northern Ireland - Counties

391

750

Isle of Man

2

40

Totals for UK

30,012

27,974

Media contact at NHBC:

Nadia Bedra or Tom Howard
nbedra@nhbc.co.uk, 01908 746 734
thoward@nhbc.co.uk, 01908 746 735

News Date: 28/04/11