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NHBC figures show sustained UK house-building growth in 2014

New NHBC figures today reveal sustained growth and consolidation in the UK housing industry for the start of 2014 - with encouraging growth in London and the rest of the UK.

NHBC New Home Statistics Review Q1 2014

 

 

In total, 33,816 new homes were registered in the UK during Q1 2014, compared to 31,739 for the corresponding period a year ago - an increase of 7%.

Following a record 2013, with the highest new house building volumes in London for a generation, Q1 2014 London registrations also grew 6% on the comparative period last year.

NHBC has also identified how other major UK cities are performing compared to the capital. The figures show that Birmingham, Manchester and Bristol are the top three cities with the highest number of new home registrations, broken down below.

As the leading warranty and insurance provider for new homes in the UK, NHBC's registration statistics are a leading indicator of how the country's new homes market is performing.

Top ten cities outside of London - NHBC registrations in 2013

 

  • Birmingham 3,406
  • Manchester 2,625
  • Bristol 1,570
  • Newcastle 1,496
  • Liverpool 1,494
  • Sheffield 1,169
  • Leeds 990
  • Nottingham 700
  • Glasgow 618
  • Bradford 560

 

Commenting on the latest statistics NHBC Chief Executive Mike Quinton said:

"Our new figures show further sustained growth and consolidation in the UK house building industry following a strong year last year. Over the past 15 months we have seen a genuine return of confidence to the industry as builders strive to meet the growing demand for new homes that the country clearly needs.

"London continues to be the major driver for growth in house building. But our figures also show that other UK cities outside the capital are also showing some encouraging signs of growth.

"However, we have been clear that this growth is from a historically low base. The UK still has a chronic shortage of new homes so we must not get complacent in our continued attempts to meet the growing housing needs of the population."

NHBC UK statistics for January 2014 - March 2014 show that:

For the rolling quarter January 2014 - March 2014 the number of registrations was 33,816, a 7% increase on the same period last year (31,739). Of these:

  • Private sector registrations in January 2014 - March 2014 increased by 3% (24,414), compared with the same period in 2013 (23,608).
  • Public sector registrations in January 2014 - March 2014 increased by 16% (9,402) when compared with the same period a year ago (8,131).

Full regional breakdown of total new homes registered January 2014 - March 2014 by region/country:

Region

Jan 2014 - Mar 2014

Jan 2013 - Mar 2013

England - Regions

 

 

North East

1,287

1,261

North West

3,071

2,451

Yorkshire & the Humber

1,634

1,545

West Midlands

3,082

2,365

East Midlands

2,696

2,522

Eastern

2,490

3,147

South West

3,240

3,136

Greater London

7,693

7,287

South East

4,463

3,950

Totals for England

29,656

27,664

Scotland - Councils

2,741

2,600

Wales - Unitary Authorities

882

1,055

Northern Ireland (incl. Isle of Man)

537

420

Totals for UK

33,816

31,739

NHBC's primary purpose is to help raise standards to protect homeowners. NHBC is an independent non-profit distributing company, reinvesting all resources in further research and work to improve the construction standard of new UK houses for the benefit of homeowners.

NHBC is the leading warranty and insurance provider for new homes in the UK. NHBC's ten-year Buildmark warranty covers around 80 percent of new homes built in the UK, having covered nearly eight million homes since it began and currently protecting around 1.6 million homes. Buildmark has evolved over the years, expanding to cover more areas, offering a greater scope of protection for homeowners.

 

For more information, please contact:

James Hall at NHBC, 01908 746 738 or 07435 786851
Nadia Bedra at NHBC, 01908 746 734 or 07501 226656

News Date: 09/05/14