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26/10/2017

Nearly 38,000 Homes Registered Between July And September

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New figures have revealed nearly 38,000 new homes were registered between July and September this year.

The latest National House-Building Council (NHBC) report states a total of 37,936 houses were registered by builders during Q3, up 6% compared to last year and the highest third quarter total since the recession.

The private sector saw a 9% increase for the quarter to 29,083 (2016: 26,611) while 8,853 new homes were registered in the affordable sector, a 5% decrease compared with the same period last year (9,335).

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In addition, seven out of 12 UK regions experienced growth in registrations, when compared to the same period last year. The most notable rises where in East Midlands (3,575 +42%), the North East (2,078 +34%) and Scotland (3,056 +50%).

NHBC Chief Executive 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."

(LM/MH)

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