July sees new homes boost
Summer has seen the housing market heat up, according to the latest figures from the NHBC.
A real uplift in new home registrations has been reported, with more than 15,800 new homes registered to be built in the UK in July, a 35% increase on the same month last year.
The private sector led the new homes boost with 12,087 new homes registered, with 3,782 registered in the affordable sector (3,362 in 2018).
With this boost, the figures for the rolling quarter (between May and July) hit a high of 43,600 new homes registered compared to 39,421 in 2017 – an increase of 11%. During this period, London has experienced an 86% increase in registrations, partly due to an increase in the number of large housing association and private rental sector developments registered in the capital.
As the leading warranty and insurance provider for new homes in the UK, NHBC’s registration statistics are a lead indicator for the new homes market.
Commenting on the July figures, NHBC Chief Executive Steve Wood said: “Following a slow start to the year due to the extreme weather, we have had promising new home figures in recent months with July seeing a real uplift. Over the last three months we have had growth in new home registrations in eight out of 12 UK regions, with London leading the way.
“NHBC continues to support UK builders in delivering high quality new homes for the benefit of consumers.”
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