The momentum in the registration of new homes in the UK remained stable between April and June this year with 40,343 homes being registered.
Data released by the NHBC showed a good mix of new homes registrations during the second quarter of 2017. “29,123 homes were registered in the private sector with 11,220 new homes registered in the affordable sector, a 19% increase on 2016 numbers (9,429),” NHBC said in its latest release.
As the leading warranty insurance provider for new homes in the UK, NHBC's registration statistics are a lead indicator of the UK’s new homes market. The findings showed that the UK housing sector remained stable for the first six months of 2017.
According to NHBC, the continued rise in the affordable sector is attributed to several larger Housing Associations developing homes for market rent, private sale and shared ownership along with a rise in joint ventures with the private sector.
Six out of the 12 UK regions experienced growth in registrations, when compared to the same period last year. West Midlands (4,223 +33 per cent), Scotland (3,709 +23 per cent) and Wales (1,345 +56 per cent) were among the regions with most notable growth.
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Commenting on the latest new home statistics, NHBC Business Development Director Neil Jefferson said: "New home registrations have remained stable in the second quarter of this year, with some areas of the UK seeing significant increases in registration volumes. "With demand for housing as strong as ever, the growth seen in the affordable sector is particularly encouraging."