Property

Registrations up by 21% says NHBC

Warren Lewis
|
30th May 2019
construction 665

According to the latest figures released by NHBC, the number of homes registered to be built in the UK rose 21% in April compared to the year before.

NHBC revealed that during April, 13,527 new homes were registered. Of these, private sector registrations climbed to 9,972 from 7,427 in April 2018.

Seven of the 12 UK regions saw growth during the month, with registrations in London rising 61% to 5,475. This was powered by a spike in larger schemes and increased interest in the private rental sector, NHBC said. Another contributing factor to the growth was the comparable period last year when the UK experienced a freezing start to the spring.

There was also registration growth during the rolling quarter of February to April. Private sector registrations lifted 4% to 27,881 against the equivalent period in 2018, with those for the affordable and rental sector rising 14% to 10,615. In total during the quarter, 38,496 new homes were registered, up 7%.

NHBC’s ceo Steve Wood said: “It is great to see another strong month for new home registrations. To date, there is little evidence that Brexit uncertainties are denting developer confidence, whilst the continued flow of inward investment into the private rental sector is another good sign of resilience.”

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