Private home registrations climb 17% as growth continues – NHBC

Source: www.house-builder.co.uk

Registrations for UK private new homes climbed 17% during the rolling quarter of March to May of this year against the equivalent period of 2014, the latest figures from NHBC show.

Private registrations totalled 33,046 during the three month period, continuing the general trend of registrations outperforming the impressive levels of last year. Public sector registrations – enjoying a resurgence – climbed 9% during the quarter to 10,941 against 2014. In total, 43,987 new homes were registered over the period, up 15% on last year.

In May alone registrations grew strongly, NHBC said, lifting 9% on May 2014 to total 14,392 new homes. This consisted of 11,162 private sector homes – up from May 2014's 10,198 – and 3,230 public sector homes against last year's 2,996.

NHBC's ceo Mike Quinton said: “So far in 2015 we have seen new home registrations remain consistently ahead of 2014 levels, which is clearly encouraging news for the industry.

"There have also been signs that the public and affordable sector is continuing to improve while the uncertainty predicted by some around the period of the General Election failed to materialise, with steady growth a constant feature throughout the year to date."