Builders and developers across the UK registered a total of 15,343 new homes during October according to NHBC’s latest statistics, a year-on-year increase of 6% (October 2018: 14,494).
10,688 were registered in the private sector (10,941 in October 2018) and 4,655 in the affordable and rental sector (3,553 in October 2018). The figure makes October the second busiest registration month of 2019 to date.
For the rolling quarter, between August and October, 40,472 new homes were registered compared to 42,198 in the same period in 2018 – a decrease of 4%. Within this there was a 12% fall in the private sector, with the affordable and rental sector (which includes shared ownership and homes built for private, social or affordable rent) growing by 22%.
Overall during this period there was growth in four out of the 12 UK regions, including the West Midlands (+56%), London (+10%) and Yorkshire and Humberside (+6%).
NHBC is the leading warranty and insurance provider for new homes in the UK and its registration statistics are a lead indicator for the new homes market.
Commenting on the latest figures, NHBC Chief Executive Steve Wood said: “Following several months of slowdown as a result of Brexit uncertainties, it is promising to see encouraging numbers for October.
“NHBC will continue working with the industry to maintain and improve the quality of new homes for the people who live in them.”
Further NHBC new home statistics can be found at www.nhbc.co.uk/media-centre/HouseBuilding/.