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Registrations rise 35% in July

The latest figures from NHBC have revealed that new home registrations saw a 35% rise in July against the same month last year.

According to the data, during July, NHBC said that more than 15,800 new homes were registered to be built in the UK. Of these 12,087 were for the private sector against 8,421 in 2017. And 3,782 were registered in the affordable sector compared to 3,362 previously.

For the rolling quarter between May and July, private sector registrations rose 11% to 31,264 new homes against the equivalent period last year. Those in the affordable sector lifted 9% to 12,336. Total registrations for the period stood at 43,600 new homes, up 11%.

London saw an 86% surge in registrations during the quarter, “partly due to an increase in the number of large housing association and private rental sector developments registered in the capital,” NHBC said.

On the July figures, NHBC’s ceo Steve Wood, said: “Following a slow start to the year due to the extreme weather, we have had promising new home figures in recent months with July seeing a real uplift. Over the last three months we have had growth in new home registrations in eight out of 12 UK regions, with London leading the way.

NHBC continues to support UK builders in delivering high quality new homes for the benefit of consumers.”

Source: www.propertywire.com