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30/09/2016

Brexit Causes 8% Dip In New Home Registrations - NHBC

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The UK's decision to leave the European Union (EU) slightly impacted on new home registrations between June and August, according to the National House-Building Council (NHBC).

A total of 36,869 new home registrations were recorded in this years rolling quarter, an 8% decrease compared to 40,123 last year. In Scotland, council's experienced a decline from 3,464 registrations for the quarter to 2,357 this year.

While the results coincided with industry caution after June's EU Referendum, several UK regions experienced a notable growth in registrations, including the North East (54%) Yorkshire & Humberside (+31%) and the South West (+23%).
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In addition, a total of 12,486 new homes ((9,225 private sector; 3,261 public sector) were registered in August, compared to 10,391 (8,385 private sector; 2,006 public sector) in 2015.

NHBC Chief Executive Mike Quinton said: "August's registration statistics show that the number of new homes being registered is considerably up compared to the same time last year.

"While overall rolling quarter numbers are down 8%, this came during an unprecedented period of uncertainty immediately after the EU Referendum. Despite this over half of the UK regions experienced growth in registrations compared to the same three month period last year."

(LM)

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