Skip to main content

NHBC reports buoyant new home market despite Q3 marginal reduction




New home registration statistics for the UK f
ell marginally by 2% during Q3 when compared to the same period last year, according to new figures released today by NHBC.

However, the overall year-to-date figures up to and including September show that the number of new homes registered with NHBC is 9% higher than this time last year (117,525; 108,118 in 2014).
In total 36,219 new homes were registered in Q3 compared to 36,955 a year ago. 


The private sector is static at -1% (28,527; 28,906 in 2014), with the public sector down by 4% (7,692; 8,049 in 2014).

Experts in the housing industry have attributed the drop in public sector registrations to many housing associations holding back on developments in light of welfare reforms and the cap on rental increases.

  • The new statistics also show that London reported a 25% rise in the number of new homes registered during Q3 (7,289; 5,812 in Q3 2014).
  • On a national level Northern Ireland (+39%), Scotland (+8%) and Wales (+4%) all enjoyed a positive quarter when compared to the same period last year. 
  • However, in England several regions reported a reduction in the number of registrations for the quarter. However, year to date figures show growth in ten out of the twelve regions in the UK.

As the leading warranty and insurance provider for new homes in the UK, NHBC's registration statistics help to provide new and accurate data on the country's new homes market.
Commenting on the new registration statistics, NHBC Chief Executive Mike Quinton said: "Despite the marginal drop in housing registrations this quarter, 2015 is still promising to be a strong year for new housing growth in the UK. Our year-to-date figures show that registrations in both the private and public sector are ahead of last year.

"The industry remains upbeat and is working hard to build the number of homes our country so desperately needs, despite the pressures associated with rapid growth.
"

NHBC UK statistics for July - September 2015 show that:

During July - Sept 2015, the number of registrations was 36,219, a 2% decrease on last year (36,955). Of these;
Private sector registrations in July - Sept 2015 decreased by 1% (28,527), compared with the same period last year (28,906).
Public sector registrations in July - Sept 2015 decreased by 4% (7,692) when compared to the same period last year (8,049).






Full regional breakdown of total new homes registered January 2015 - March 2015 by region/country:
Region
July - September 2015
July - September 2014
England - Regions


North East
1,217
1,226
North West
3,235
3,175
Yorkshire & the Humber
1,618
2,575
West Midlands
2,964
3,914
East Midlands
3,017
2,758
Eastern
3,685
3,857
South West
3,422
3,478
Greater London
7,289
5,812
South East
4,050
5,031
Totals for England
30,497
31,826
Scotland - Councils
3,313
3,060
Wales - Unitary Authorities
1,415
1,356
Northern Ireland - Counties
994
713
Totals for UK
36,216
36,955




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.



what we do NHBC

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:


Further Reading
reaching more people with our property fraud advice


Boris tells planners & developers to put culture first for city development

Sadiq Khan Housing Crisis Update Fair rental prices


Zac Goldsmith: housing crisis number one priority in London – what needs to be done

TfL could help fix London’s housing Crisis as well as our trains

A question from Matthew > PMQs Jeremy Corbyn MP vs The Prime Minister David Cameron

Labour conference: Sadiq Khan >"I'm going to make the election a referendum on London's housing crisis"

Newly Elected Labour Candidate, for Mayor of London, Sadiq Khan, outlines his Housing Policies

Taylor Wimpey CEO Peter Redfern will lead Labour Housing Redfern Review

What Jeremy Corbyn's leadership victory may mean for housing policy in the UK

Marie's Question >Jeremy Corbyn The New Labour Leader takes his seat in the Houses of Parliament

Building Markets for the Good of People > BoE Open Forum

Bank of England concerns over Property buy-to-let boom

Government ministers and housing association leaders have negotiated a deal to extend the right-to-buy policy

Historic Housing and Planning Bill will transform generation rent into generation buy

How low can you go ? speech by Andy Haldane BoE Chief Economist

Three Truths about Finance - Governor of BoE - Mark Carney

Mortgage Lenders and Administrators statistics Bank of England Sept 2015

Osborne says tougher buy-to-let regulation on its way

House Prices will continue to rise & construction of more not the answer

Right To Buy Homes Urgent Parliament questions with Brandon Lewis UK housing Minster

Borrowing figures in the mortgage market remain strong as customers take advantage of record low interest rates

property eCommerce is booming !

Residential sales Move up despite lack of property Stock

Government ministers and housing association leaders have negotiated a deal to extend the right-to-buy policy