New home growth has continued throughout October according to the latest statistics from NHBC, with 14,579 homes registered in the UK, following the strong numbers seen in recent months.
This represents an 8% increase on October 2017 (13,482), with the private sector up 7% (11,097 compared to 10,383 in 2017) and the affordable sector up 12% (3,482 compared to 3,099 in 2017).
For the rolling quarter, between August and October, 42,307 new homes were registered compared to 39,625 in 2017 – an increase of 7%. During this period there were 32,565 new homes registered in the private sector (30,871 in 2017: +5%) and 9,742 in the affordable sector (8,754 in 2017: +11%).
Overall there is growth in eight out of 12 UK regions, including Yorkshire & Humberside (+34%), London (+31%) and the South West (+24%).
NHBC is the leading warranty and insurance provider for new homes in the UK and its registration statistics are a lead indicator for the new homes market.
Commenting on the October figures, NHBC Chief Executive Steve Wood said: “Despite a slow start to the year because of the extreme weather conditions, it is very pleasing to report that the upturn in registrations we saw over the summer is continuing.
“Although there is some caution as we all wait to see what happens on Brexit, we are hopeful that this strong end to the year will be maintained, as the industry strives to build more new, high-quality homes that the UK needs.”