NHBC figures see February dip but registrations are still climbing

The NHBC has reported that new home registrations for February dipped slightly. This is particularly relevant to the recovery of the housing industry as the registration statistics remain the leading indicator of how the UK’s new homes market is performing.

In total 29,557 new homes were registered from December 2013 to February 2014, down from the 26,004 registered in the corresponding period last year.

The latest figures reveal that the February total of 9,484 registrations was also slightly down on last February (10,538). The NHBC suggest this could be a knock on effect of the extremely wet winter weather.

The number of registrations made in the rolling quarter from December 2013 to February 2014 showed a 14 per cent rise on the equivalent period last year, totalling 29,557.

Of the total, 21,336 were for private homes, a 13 per cent increase on December 2012 to February 2013. Public sector registrations climbed 14 per cent to 8,221.

NHBC Commercial Director, Richard Tamayo, said:

“Although the results for February in isolation are not particularly strong, the rolling quarter shows that the number of new homes being registered continues to increase.

“Our latest statistics show there is still a way to go before the country starts seeing figures on par with pre-recession registration statistics, but the new measures revealed in the budget show that the government remains committed to boosting the housebuilding sector.”

For the rolling quarter December 2013 to February 2014 the number of registrations was 29,557, a 14 per cent increase on the same period last year (26,004). Of these:

  • Private sector registrations increased by 13 per cent (21,336), compared with the same period in 2013 (18,824)
  • Public sector registrations increased by 14 per cent (8,221) when compared with the same period a year ago (7,180)