Post-Referendum new home registrations in line with 2015, reports NHBC

The affordable sector was up 18 per cent with 9,191 new homes registered compared to 7,764 in Q3 2015, while 26,762 new homes were registered in the private sector, a 5 per cent decrease on the 28,190 a year ago.

The overall number of new home registrations is virtually identical to the same period last year when 35,954 new homes were registered in the UK.

The figures portray a mixed picture across the UK with half of the 12 regions showing an increase in registrations during Q3, including the South East (+56 per cent), North West (+48 per cent) and Yorkshire & Humberside (+42 per cent) with the others reporting a dip in numbers, such as Scotland (-38 per cent) and London (-45 per cent), compared to a year ago.

The number of new home completions for the Q3 period increased by 5 per cent (33,341 versus 31,759 last year) when compared to the same period 12 months ago, mirroring the strong growth seen in registrations in previous quarters.

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

house building and has approximately 80 per cent market share.

Commenting on the Q3 figures, NHBC Chief Executive Mike Quinton said: “Our latest statistics show that the industry continues to consolidate on the strong growth in registrations seen in recent years.

“Following a quiet July, registrations bounced back in August and September as the industry shrugged off early nervousness following the vote to leave the EU.

“NHBC remains fully committed to support the industry to build new homes to the highest possible standards.”