The number of new homes registration in the UK reached 42,470 between January and March 2017, an increase of 17 per cent over the corresponding period last year, data released by the National House Building Council (NHBC), shows.
Commenting on the latest new home statistics, NHBC Managing Director Neil Jefferson said: “These figures, with growth across the entire country, are clearly encouraging for the sector, at a time when there is considerable demand for new, high-quality homes. This growth in Registrations, in both the private and affordable sector, is welcome news and will result in more newly built homes across the UK over the coming months.”
While the private sector registrations in 2017 increased by 10 per cent (31,197), compared with the same period in 2016 (28,278), the Affordable sector registrations increased by 40 per cent (11,273) when compared to 2016 (8,073). This is the highest quarter for new homes registration in the last 10 years.
For the first time in seven years all 12 regions across the UK experienced growth in registrations, when compared to the same period 12 months ago. The North East (+39%), London (+38%) and Eastern (+31%) were among the regions with the most notable growth. As the leading warranty and insurance provider for new homes in the UK, NHBC's registration statistics are a lead indicator of the country's new homes market.
42,470 new homes were registered in Q1, an increase of 17% on the 36,351 registered 12 months ago – resulting in the highest quarter in 10 years.