New home registrations up in October

New data released by the National House-Building Council has revealed that the number of new homes registered with the council during October was 14,579 - an 8% rise against 2017.

Related topics:  Property
Warren Lewis
30th November 2018
new build 789

According to NHBC figures, private sector registrations were up 7% at 11,097 compared to 10,383 in 2017 and the affordable sector was up 12%, 3,482 compared to 3,099 in 2017.

For the rolling quarter from August to October, 42,307 new homes were registered compared to 39,625 in 2017 – an increase of 7%. During this period there were 32,565 new homes registered in the private sector (30,871 in 2017: +5%) and 9,742 in the affordable sector (8,754 in 2017: +11%).

Overall there is growth in eight out of 12 UK regions, including Yorkshire & Humberside (+34%), London (+31%) and the South West (+24%).

Steve Wood, NHBC chief executive, said: “Despite a slow start to the year because of the extreme weather conditions, it is very pleasing to report that the upturn in registrations we saw over the summer is continuing.

Although there is some caution as we all wait to see what happens on Brexit, we are hopeful that this strong end to the year will be maintained, as the industry strives to build more new, high-quality homes that the UK needs.”

More like this
Latest from Financial Reporter
Latest from Protection Reporter
CLOSE
Subscribe
to our newsletter

Join a community of over 20,000 landlords and property specialists and keep up-to-date with industry news and upcoming events via our newsletter.