New house builds down

News homes registered in first 3 month 2016 down 9%

In the 1st 3 months of 2016 36,566 new homes were registered by NHBC. 28,398 new homes were registered in the private sector, a 7 per cent decrease on the 30,560 a year ago, with the public and affordable sector down 15 per cent with 8,168 new homes registered compared to 9,584 in Q1 2015.

NHBC Chief Executive Mike Quinton (left) said, “Our latest statistics show that the industry is consolidating on the strong growth in registrations seen in recent years. Registrations are now around 80 per cent higher than the depths of the financial crisis in 2008/09, driven by increased activity from private sector housebuilders.

“Because of the increase in registrations we are now also seeing the resulting completions come through, as reflected in the 10 per cent rise in the number of new homes completed in the financial year.”

Written by: Houseladder