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29/04/2016
9% Drop In New Home Registrations
The number of new home registrations has fallen by 9 per cent, according to statistics from the National Home Building Council (NHBC).
There were 36,566 new homes registered by NHBC in the first three months of the year in the UK.
28,398 new homes were registered in the private sector, a 7 per cent decrease on the 30,560 a year ago, with the public and affordable sector down 15 per cent with 8,168 new homes registered compared to 9,584 in Q1 2015.
NHBC Chief Executive Mike Quinton said: "Our latest statistics show that the industry is consolidating on the strong growth in registrations seen in recent years. Registrations are now around 80% higher than the depths of the financial crisis in 2008/09, driven by increased activity from private sector housebuilders.
"Because of the increase in registrations we are now also seeing the resulting completions come through, as reflected in the 10% rise in the number of new homes completed in the financial year.
"As ever, NHBC's mission is to ensure construction quality of the very highest standard in new homes across the UK and that this emphasis on quality remains unwavering - particularly during periods of increased activity and production that we have recently seen."
(CD/MH)
There were 36,566 new homes registered by NHBC in the first three months of the year in the UK.
28,398 new homes were registered in the private sector, a 7 per cent decrease on the 30,560 a year ago, with the public and affordable sector down 15 per cent with 8,168 new homes registered compared to 9,584 in Q1 2015.
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NHBC Chief Executive Mike Quinton said: "Our latest statistics show that the industry is consolidating on the strong growth in registrations seen in recent years. Registrations are now around 80% higher than the depths of the financial crisis in 2008/09, driven by increased activity from private sector housebuilders.
"Because of the increase in registrations we are now also seeing the resulting completions come through, as reflected in the 10% rise in the number of new homes completed in the financial year.
"As ever, NHBC's mission is to ensure construction quality of the very highest standard in new homes across the UK and that this emphasis on quality remains unwavering - particularly during periods of increased activity and production that we have recently seen."
(CD/MH)
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