October Busiest Month for Newbuild Houses

MORE THAN  15,000 homes were registered by builders and developers in October according to statistics from the NHBC, making it one of the busiest months in 2019.

10,688 were registered in the private sector (10,941 in October 2018) and 4,655 in the affordable and rental sector (3,553 in October 2018). The total of 15,343 makes October the second busiest registration month of 2019 so far.

For the rolling quarter, between August and October, 40,472 new homes were registered compared to 42,198 in the same period in 2018 – a decrease of 4%. Within this there was a 12% fall in the private sector, with the affordable and rental sector (which includes shared ownership and homes built for private, social or affordable rent) growing by 22%.

During this period there was growth in four out of the 12 UK regions, including the West Midlands (+56%), London (+10%) and Yorkshire and Humberside (+6%).

NHBC is a warranty and insurance provider for new homes in the UK and its registration statistics are a significant indicator for the new homes market.

NHBC Chief Executive Steve Wood said: “Following several months of slowdown as a result of Brexit uncertainties, it is promising to see encouraging numbers for October.

“NHBC will continue working with the industry to maintain and improve the quality of new homes for the people who live in them.”

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