The new home registrations in the UK during the 2017-18 financial year were the second highest in a decade, according to latest data from NHBC (National House Building Council).

Figures from NHBC revealed that 154,698 new homes were registered to be built in the 2017-18 financial year. It represents the second highest number of registrations in a decade - a slight decrease of 2 per cent on the record 157,805 registrations seen in the 2016-17 financial year, with growth in six out of 12 of the UK regions.

The first three quarters of 2017-18 saw growth in comparison to the previous year. As many as 116,451 new homes were registered in the private sector (compared to 117,987 in 2016-17) and 38,247 homes were registered in the affordable sector (compared to 39,818 in 2016-17).

As the leading warranty and insurance provider for new homes in the UK, NHBC's registration statistics are a lead indicator of the UK’s new homes market.

The new figures revealed a slower start to 2018, with 36,637 new homes registered in the first three months of the year, compared to 42,405 in the same period last year, a decrease of 14 per cent. This fall is partly attributed to the exceptionally harsh weather during the start of the year affecting progress on building sites across the country.