Q2 the strongest quarter since 2007…
A total of 41,222 new homes were registered by the National Housebuilding Council (NHBC) in Q2 throughout the UK.
31,753 new homes were registered in the private sector, a six per cent increase on the 30,086 a year ago. The public and affordable sector was down 13% with 9,469 new homes registered compared to 10,845 in Q2 2015.
The overall number represents a one per cent increase on the same period last year when 40,931 new homes were registered, making it the strongest quarter since 2007.
The number of new home completions for the rolling 12 months July 2015 – June 2016 also increased by six per cent when compared to the previous 12 months (July 2014 – June 2015). This mirrors the strong growth seen in registrations in recent years, resulting in these new homes being completed over the past twelve months.
Commenting on the Q2 figures, Mike Quinton, NHBC chief executive, said: “Our latest statistics show that the industry continues to consolidate on the strong growth in registrations seen over recent years.
“These registrations reflect continued industry confidence in the run-up to the EU Referendum at the end of June. Indeed, this period was the strongest quarter since Q4 2007, albeit still some way off levels seen over a decade ago.
“NHBC remains fully committed to support the industry to build new homes to the highest possible standards.”