Number of new home registrations hit 10-year high in first quarter of 2017, reveals NHBC

With more than 42,000 registrations, the number of new homes in the UK hit a 10-year high in the first three months of 2017 as all 12 regions saw growth for the first time in seven years, new figures reveal.

According to the latest statistics, 42,470 new builds were registered by the National House Building Council (NHBC) in the first quarter of the year - an increase of 17 per cent on the 36,351 registered in the previous 12 months and the highest for a decade.

There was a 10 per cent increase in the private sector with 31,197 new homes registered - up from last year's 28,278.

A further 11,273 new homes was registered in the affordable sector, representing a 40 per cent increase on 2016 numbers (8,073).

For the first time since 2010 all 12 regions across the UK experienced year-on-year growth with the North East (+39%), London (+38%) and Eastern (+31%) among the regions with the most notable increase.

New home statistics for the financial year also reveal a four per cent increase for 2016/17 with a total of 157,898 new homes registered compared to 151,599 in 2015/16. Additionally, new home completions for the financial year increased by 5% to 145,282, up from 137,826 in 2015/16.

NHBC managing director Neil Jefferson said: “These figures, with growth across the entire country, are clearly encouraging for the sector, at a time when there is considerable demand for new, high-quality homes.

“This growth in Registrations, in both the private and affordable sector, is welcome news and will result in more newly built homes across the UK over the coming months.”

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