July sees new home registrations fall 9%

Newly released figures from NHBC have shown that the number of new UK homes registered to be built in July hit 14262, a fall of 9% year on year.

Related topics:  Property
Warren Lewis
2nd September 2019
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Of these, 10,398 were for the private sector, down 12% against July 2018. Meanwhile, registrations in the affordable and rental sector were marginally up, from 3,842 in 2018 to 3,864.

NHBC noted the 12-month decline, but said the month’s total was “still above the average seen over recent years”.

During the rolling quarter of May to July, private sector registrations were a fraction down on 2018, dipping to 30,584 from the 30,841 seen during the equivalent period last year. Those for the affordable and rental sector during the period rose to 13,579 from 2018’s 12,358. Total registrations here increased 2% to 44,163 new homes.

Across the regions, NHBC said that London’s upturn had continued, with registrations during the quarter rising 21% to 6,513. Other regions experiencing strong growth during the quarter included the East of England (+26%) and the West Midlands (+21%).

NHBC’s ceo Steve Wood, said: “Although new home registrations for July are down compared to 12 months ago, we are still seeing signs of growth coming through with the rolling quarter.

Despite the uncertainties and concerns around Brexit, the industry remains resilient and you can see that in these figures.”

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