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.”

Your News

If you've got a story that would be of interest to Builder & Engineer readers, send us an email

Features

2017-05-31 14:33

The rate of Insurance Premium Tax (IPT) will rise by two per cent on June 1 to 12 per cent on all non-exempt transactions. Martin Bennison, managing director at construction finance firm Ultimate Finance, explains what this means for UK construction companies.

2017-05-25 09:41

Building Information Modelling (BIM) is growing in popularity and is now mandatory for centrally funded public-sector projects. Experts and the curious are gathering more and more frequently at dedicated congresses, exhibitions and workshops. Many people are now asking: Where does the UK stand on the issue of BIM and the digitisation of the construction industry?

2017-05-10 11:47

Opening site doors to more females is vital to plugging the construction skills gap, reports Claire Cameron

THE construction industry continues to be plagued by a well-documented skills gap with some suggesting the shortage could get worse before it gets better.

2017-05-08 15:27

If you work on a building site, are self-employed or have a zero-hours contract, you might be surprised to know you work in the ”gig economy”. This is the economy characterised by temporary work and irregular hours, pay and working conditions.

2017-03-29 11:31

Jeremy Gould, VP sales Europe, TomTom Telematics, discusses how technological developments in vehicle telematics have opened up new workflow management possibilities for the construction industry

2017-03-21 10:31

With the demand of oil increasing, it’s estimated that the Earth will reach its full capacity for oil consumption at some point within the next 20 years. This is despite the production of oil decreasing, and the construction industry is no exception to this, reports Niftylift.

2017-03-17 11:55

With construction firms leading the way in drone technology, Claire Cameron takes a closer look at how unmanned aerial vehicles (UAVs) can be used onsite

2017-03-07 17:20

While the physical safety of workers is prioritised on construction sites, mental health is often overlooked, reports Claire Cameron

Free E-newsletter Sign-Up

Sign up for our free e-newsletter

Looking for a company or service?