NHBC announce that registrations reach highest third quarter in a decade

More really positive news for the building industry last week as the NHBC announced that new home registrations saw their highest third quarter total for a decade.

During the July to September period, (Q3 2017) 37,936 new homes were registered, a 6% increase on the same period last year. Of these 29,083 were for the private sector, a 9% increase on Q3 2016.

Meanwhile in the affordable sector, registrations dropped 5% to 8,853 new homes.

NHBC said that seven out of 12 UK regions saw registration growth during Q3 2017 against 2016. Among those with the most significant growth were Scotland which experienced a 50% rise to 3,056 new homes registered, the East Midlands at 42% growth to 3,575, and the North East, seeing registrations improve 34% to 2,078.

But Greater London’s registrations dropped from 3,860 in Q3 2016 to 2,494 during the July to September period this year.

NHBC’s ceo Steve Wood, said: “We have seen encouraging growth in terms of the number of new homes being registered over the last three months, across many parts of the country.

“With demand for high quality new homes as strong as ever, this is positive news for the industry and prospective homebuyers, particularly in light of the current political and economic uncertainties.”

Photograph via Shutterstock: shutterstock_163820348