NHBC statistics show 9% drop in new housing registrations
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A total of 36,566 new homes were registered by NHBC in the first three months of the year in the UK, according to NHBC’s latest new home registration statistics.
- New home registrations in Q1 9% down on 2015
- Financial year registrations in line with 2014/15, up 80% since recession
- 10% increase in new home completions in 2015/16
28,398 new homes were registered in the private sector, a 7% decrease on the 30,560 a year ago, with the public and affordable sector down 15% with 8,168 new homes registered compared to 9,584 in Q1 2015.
The overall number is 9% down on the same period last year when 40,144 new homes were registered. However for the financial year 2015/16, registrations remained in line with the previous year with 152,329 new home registrations, marginally ahead of the 152,262 registered in 2014/15.
There was also a 10% increase in the number of new home completions for the financial year up to the end of March, compared to 2014/15, with 137,396 completions in total. This increase mirrors the strong growth seen in registrations in recent years, resulting in these new homes being completed over the first few months of 2016.
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% market share.
Commenting on the Q1 figures, NHBC Chief Executive Mike Quinton 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% 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% rise in the number of new homes completed in the financial year.
“As ever, NHBC¿s mission is to ensure construction quality of the very highest standard in new homes across the UK and that this emphasis on quality remains unwavering – particularly during periods of increased activity and production that we have recently seen.”
NHBC UK statistics for Q1 show that:
- During Jan ’16 – March ’16, the number of NHBC new home registrations was 36,566, a 9% decrease on the same period last year (40,144)
- 28,398 were registered in the private sector, a 7% decrease compared to last year (30,560)
- 8,168 were registered in the public and affordable sector, a 15% decrease compared to last year (9,584).
Full regional breakdown of total new homes registered 2016 by region/country:
NHBC’s role is to support the industry in maintaining and improving the build quality of new homes for homebuyers, whilst providing the benefit of its 10-year Buildmark warranty protection, when required.
NHBC does this through a wide range of activities, from standards setting through technical support to warranty and insurance.
NHBC is a non-profit distributing organisation with no shareholders. It invests any surplus into activities that improve new homes further, in particular through its research arm, the NHBC Foundation.
NHBC is the leading warranty and insurance provider for new homes in the UK. NHBC’s ten-year Buildmark warranty covers around 80 per cent of new homes built in the UK, having covered nearly eight million homes since it began and currently protecting around 1.6 million homes.
Further information and charts: