The number of new homes registered to be built per annum in the UK has risen by more than 80 per cent over the last decade (2010-2019), indicating the massive growth in the residential housing market.
Over the last ten-year period, a total of 1.4 million new homes (1,405,771) were registered to be built across the UK. These figures represent the first complete decade since the financial crash in 2007/08, according to statistics released by National House Building Council (NHBC).
Last year (2019) saw the highest new home registrations in the UK since 2007. In 2019, 161,022 homes (112,086 in the private sector and 48,936 homes in the affordable sector) were registered with NHBC, an 81 per cent increase on the 88,849 homes registered a decade ago (2009), making 2019 the strongest year for NHBC new home registrations since 2007.
Over the same period, the West Midlands (169 per cent) and North West (148 per cent) have seen the highest percentage increase of new homes registered.
The Build to Rent sector had another positive year with registrations up 57 per cent in 2019 compared to 2018. New home completions in 2019 of 150,436 were also marginally up on the previous year (149,702).
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.
NHBC Chief Executive Steve Wood said: "It is great to see the resilience of house builders over the 2019 year. This momentum needs to be maintained as we enter a new decade, with the industry ever-more focused on quality and fire safety."