The number of new homes registration went up by 12 per cent in July this year when compared to the corresponding period last year. Data released by the NHBC showed that 11,700 new homes were registered in July 2017 as against 10,534 homes in July 2016.
Of the total new homes registered in July 2017, the private sector homes were 8,496 while 3,278 were from the affordable sector. 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.
According to the NHBC, the continued rise in the affordable sector can be attributed to a number of larger Housing Associations developing homes for market rent, private sale and shared ownership, along with a rise in joint ventures with the private sector.
NHBC Business Development Director Neil Jefferson said: “It is encouraging that the growth in new home registrations seen over the first half of the year has continued. With demand for new homes remaining strong, it is a positive sign that July's registrations show growth in both the private and affordable sectors and across most regions of the UK.”
Eight out of the 12 UK regions experienced growth in registrations over the rolling quarter, when compared to the same period last year. West Midlands (3,780 +42 per cent), the North West (4,753 +24 per cent) and Wales (1,435 +34 per cent) were among the regions with most notable growth.
39,446 new homes were registered during the rolling quarter (May to July), a 6% increase on the 37,297 registered 12 months ago.