Strong housing growth in November, reports NHBC as new home levels top 15,000
19 December 2018
New home growth is continuing with more than 15,000 new homes registered to be built in November, according to the latest figures from NHBC – the second highest monthly total of 2018.
A total of 15,155 new homes were registered (11,135 private sector; 4,020 affordable sector), a 2% increase on the 14,802 a year ago (11,017 private sector; 3,785 affordable sector).
For the rolling quarter, between September and November, 43,745 new homes were registered compared to 40,858 in 2017 – an increase of 7%. During this period there were 33,104 new homes registered in the private sector (31,146 in 2017: +6%) and 10,641 in the affordable sector (9,712 in 2017: +10%).
Yorkshire & Humberside (+43%), Wales (+34%) and the South West (+21%) all experienced significant growth compared to the same period 12 months ago, with London down 16% and West Midlands down 11%. Overall, nine of the 12 UK regions saw an increase in new home registrations in the rolling quarter.
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 November figures, NHBC Chief Executive Steve Wood said:
“As we reach the end of the year it is reassuring to see continued strong new home registration numbers, with growth across the majority of the UK.
“Looking ahead to 2019, NHBC will continue to support the country’s house-building industry to deliver more, high quality new homes for consumers.”
|
NHBC - UK Registrations by Region |
|
|
|
England - Regions |
Sept 18 - Nov 18 |
Sept 17 - Nov 17 |
|
North East |
1,989 |
1,882 |
|
North West & Merseyside |
546 |
844 |
|
Yorkshire & Humberside |
3,225 |
2,254 |
|
West Midlands |
3,333 |
3,728 |
|
East Midlands |
3,923 |
3,880 |
|
Eastern |
4,884 |
4,317 |
|
South West |
4,219 |
3,500/strong> |
|
London |
3,517 |
4,211 |
|
South East |
7,817 |
6,666 |
|
Total England |
37,453 |
35,282 |
|
Scotland |
3,381 |
3,226 |
|
Wales |
1,807 |
1,350 |
|
Northern Ireland & Isle of Man |
1,104 |
1,000 |
|
Total UK |
43,745 |
40,858 |
Registrations refer to the process of a builder registering a new plot/home to be built in the coming months or weeks, to be covered by NHBC’s ten-year Buildmark warranty. Completions refer to when a new home is completed as indicated by NHBC inspectors.
Changes can occur between figures published at different times owing to changes in policies and cancellations.
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 1.5 million homes. NHBC is a non-profit distributing organisation with no shareholders.