UK Registrations hit eight-year high

According to the latest NHBC statistics UK new build registrations have hit an eight-year high, with 156,140 new homes registered in total in 2015.

NHBC data showed an increase in private sector registrations of 7 per cent to 118,611 homes during the year against 2014, with those for the public sector increasing 5 per cent to 37,529. In total, new home registrations rose 7 per cent compared to the previous year. The NHBC added that it had registered 75 per cent more new homes in 2015 than in the peak of the downturn in 2009.

Most UK regions saw notable growth in registrations compared to 2014, with the Eastern region, North West and Scotland experiencing the biggest lifts of 23 per cent, 16 per cent and 15 per cent respectively. London’s registrations dropped 9 per cent to 25,994 in 2015 against 2014, but the NHBC pointed out that 2015 was still the third strongest year on record for London registrations.

NHBC statistics also indicated that the number of detached homes registered in 2015 (42,173) was the highest in more than a decade, continuing 2014’s trend. Also, the number of semi-detached homes registered was at a 22-year high, totalling 35,423.

With the NHBC representing 80 per cent of the market for new build homes, the total market for UK registrations equals 195,000 homes.

NHBC CEO, Mike Quinton said:

“We are pleased to report that 2015 was a year for continued housing growth in the UK. Both the public and private sectors have performed well and we have seen encouraging levels of housebuilding across most regions of the country. It is pleasing to see what has happened since the depths of the downturn in 2009.

“There is still a long way to go before we are building the levels of new homes that were seen before the economic downturn, but 2015 represents consolidation on the growth seen over the last three years.”