New home registrations climb 28 per cent in 2013

The NHBC has reported that new home registrations in the UK climbed 28 per cent in 2013. This is a level of registrations not seen since the start of the downturn in 2007.

The NHBC said that the recovery in registrations was ‘broad based’ across England, with Scotland and Northern Ireland also seeing annual increases.

Throughout 2013, the UK saw 133,670 new homes being registered against 104,514 in the previous year. In the private sector registrations rose 25 per cent to 97,399, and public sector registrations increased 37 per cent to 36,271.

NHBC CEO, Mike Quinton, commented:

“Over the year, we have seen a genuine return of confidence to the industry as builders strive to meet the growing demand for new homes that the UK clearly needs. The government’s Help to Buy initiative has been a shot in the arm to an industry that was slowly recovering.

“However, let’s be clear that we’re not popping the champagne corks just yet. As we have stressed throughout the recent upturn, this recovery has been from a historically low base. We also have the uncertainty of an election period approaching, but these are much better registrations than we have seen in a long while.”

By David Mote.