NHBC
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Land & New Homes
Latest NHBC data blows a huge hole in Labour’s housing boom
The figures, which show an alarming slump in new homes being built, cast doubt on Labour’s pledge to build 1.5 million homes during the next five years.
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Latest property news
‘Get on board!’ Agents urged to adopt new homes quality mark
The New Homes Quality Code measures how developers are looking after their customers.
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Latest property news
LATEST: Surge in build-to-rent construction over past 12 months
NHBC figures reveal acceleration in rate at which build-to-rent sector is expanding, helping boost government claims of increased home building in the UK.
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Latest property news
Government’s new homes expansion plans latest casualty of Brexit
Chief Executive of NHBC says significant slowdown in new homes starts is down to the economic uncertainty created by the ongoing political crisis.
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Latest property news
Government starts consultation on single housing ombudsman for whole sector
The government is to introduce a single ombudsman to cover the whole of the property industry including for the first time both new homes and rented property, and has announced a consultation. There are currently four different complaints bodies in housing and not all those operating within the industry must join them, a ‘gap’ that the government says it wants to close. The private treaty and lettings sectors have three ombudsman – although one of the recently said it was withdrawing from the market – plus there’s an additional ombudsman for the social housing sector. But private landlords are not currently compelled by law to join a redress scheme or be accountable to an ombudsman. Eight weeks The proposed initiative kicks off with an eight-week consultation which the Ministry of Housing, Communities and Local Government (MHCLG) says will help “shape a simpler and better complaints system” and that in future disputes will be “resolved faster” and homebuyers and tenants will be able to access compensation. The MHCLG consultation will look at various aspects of the property market including whether or not a ‘whole industry’ ombudsman is really needed, but also look at whether builders should be included in the scheme; how…
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Latest property news
Is Britain building again? New home registrations rose by 6% during 2017, says NHBC
The promise by the Conservatives to get the UK building again is being delivered if the most recent new home registrations from NHBC are any thing to go by. It says 160,000 homes were registered to be built last year in the UK, an increase of 6% on 2016 during which 152,017 properties were registered. NHBC’s new homes registration figures aren’t always an comprehensive view of the market, partially because its members only represent 80% of all builders, and also because registrations don’t always turn into bricks and mortar. For example, only 141,685 new homes were built last year, nearly 19% fewer than the number registered. Nevertheless, NHBC says the number of homes built by the private sector grew year-on-year during 2017 by 3% to 118,825. Also, the number of affordable homes increased 14% to 31,781, the highest ever figure. The surge in house building took place in nine out of the UK’s 12 regions and includes London, which has seen a decline in the number of new homes registered every year since 2014, helping reassure agents there that it’s property market may be reviving. Other areas of the country which saw significant increases include the East Midlands, Wales and…
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Latest property news
NHBC: Latest new home registrations
Developers registered 40,000 new homes to be built in the UK during Q2 2017, according to NHBC’s latest new home registration statistics.
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Land & New Homes
More new homes registered to be built
Almost 12,500 new homes were registered to be built in the UK in August according to NHBC’s latest registration statistics, an increase of 20 per cent compared to the same month last year. 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) 12 months ago. Overall, there were 36,869 new home registrations in the rolling quarter (June 2016 – August 2016), compared to 40,123 in the same period last year, a decrease of 8 per cent. However, during these months, which coincided with the industry caution experienced directly after June’s EU Referendum, several UK regions experienced a notable growth in registrations, compared to 2015, including the North East (+54%), Yorkshire & Humberside (+31 per cent) and the South West (+23 per cent). As the leading warranty and insurance provider for new homes in the UK, NHBC’s registration statistics are a lead indicator of UK house-building activity. For 80 years, NHBC has been committed to driving up quality and raising standards in housebuilding and has approximately 80 per cent market share. Commenting on the latest figures, NHBC Chief Executive Mike Quinton said, “August’s registration statistics show that the…
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Latest property news
36,566 new homes registered in Q1
The NHBC reports a 10 per cent increase in new home completions in 2015/16.
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Housing Market
Sharp rise in new home registrations
Over 40,000 new residential properties were registered in the UK during the first three months of the year, a rise of 18 per cent compared to the corresponding period last year, the latest figures show. New house building data released by the National House Building Council (NHBC) for the first quarter of this year reveal that in total, 40,281 new homes – 30,691 private sector; 9,590 public sector – were registered. This represents a year-on-year rise of 26 per cent for the private sector, with the public sector falling slightly by just 1 per cent. In March alone, the figures show that 17,210 new homes were registered (13,068; 9,051 private sector; 4,017 public sector), up by almost a third on the corresponding month in 2014. NHBC Chief Executive, Mike Quinton (main pic), said, “Our figures show an encouraging start to 2015 with new housing registrations up 18 per cent on the first quarter of last year. Housing growth levels remain strong across virtually every part of the UK. “However, we have made clear that the UK is still building way below the volumes of homes that we need. NHBC looks forward to working with government to ensure that high quality…
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