New home growth is continuing with more than 15,000 new homes (to be built) registered in November, according to the latest figures from NHBC – which is the second highest monthly total of 2018.
15,155 new homes were registered (11,135 private sector; 4,020 affordable sector), a 2% increase on the 14,802 a year ago (11,017 private sector; 3,785 affordable sector).
For the rolling quarter, between September and November, 43,745 new homes were registered compared to 40,858 in 2017 – an increase of 7%. During this period there were 33,104 new homes registered in the private sector (31,146 in 2017: +6%) and 10,641 in the affordable sector (9,712 in 2017: +10%).
Yorkshire & Humberside (+43%), Wales (+34%) and the South West (+21%) all experienced significant growth compared to the same period 12 months ago, with London down 16% and West Midlands down 11%. Overall, nine of the 12 UK regions saw an increase in new home registrations in the rolling quarter.
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.
NHBC Chief Executive Steve Wood said, “As we reached the end of the year it was reassuring to see continued strong new home registration numbers, with growth across the majority of the UK.
“Looking ahead to 2019, NHBC will continue to support the country’s house-building industry to deliver more, high quality new homes for consumers.”