The housebuilding sector in the UK received a boost towards the end of 2019 with a 7 per cent increase in the number of new homes registered to be built.
More than 16,000 new homes were registered to be built by the UK’s builders and developers in November 2019, according to latest statistics from National House-Building Council (NHBC).
The private sector continued to dominate the new home registrations at 10,662 units. The affordable and rental sectors accounted for 4,122 new homes registered to be built in November 2019.
NHBC is the leading warranty and insurance provider for new homes in the UK and its registration statistics are a lead indicator for the new homes market.
For the rolling quarter, between September and November 2019, as many as 44,361 new homes were registered compared to 43,655 in 2018 – an increase of 2 per cent. During this period, the affordable and rental sector grew by 28 per cent, reflecting continued investment in the private rental sector.
The West Midlands (+53 per cent), London (+34 per cent) and the Eastern region (+30 per cent) were the fastest-growing regions over the latest three-month period. This trend is likely to continue in December and January with a new government in place and buyers showing confidence in the housing market.
NHBC Chief Executive Steve Wood said: "As we near the end of the year, it is good to report resilience in new home numbers, which should give some confidence going into the New Year."