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New home registrations up 20% in August 2016

Almost 12,500 new homes were registered to be built in the UK in August according to NHBC’s latest registration statistics, an increase of 20% compared to the same month last year.

A total of 12,486 new homes (9,225 private sector; 3,261 public sector) were registered in August, compared to 10,391 (8,385 private sector; 2,006 public sector) 12 months ago.

Overall, there were 36,869 new home registrations in the rolling quarter (June 2016 – August 2016), compared to 40,123 in the same period last year, a decrease of 8%.

However, during these months, which coincided with the industry caution experienced directly after June’s EU Referendum, several UK regions experienced a notable growth in registrations, compared to 2015, including the North East (+54%), Yorkshire & Humberside (+31%) and the South West (+23%).

Commenting on the latest figures, NHBC chief executive Mike Quinton said: “While overall rolling quarter numbers are down 8%, this came during an unprecedented period of uncertainty immediately after the EU Referendum. Despite this over half of the UK regions experienced growth in registrations compared to the same three month period last year.”

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