Strongest month for new housing registrations in three years recorded

The latest figures released by the National House Building Council (NHBC) showed that registrations for new housing are at their highest levels since June of 2011.

In October, 13,950 new builds were registered with the NHBC, which provides warranties and insurance for 80% of recently constructed homes in the UK. The breakdown was 11,151 private sector homes and 2,799 public residences.

This compares with June of 2011, when 14,565 new home registrations were received. The figures for October of this year were boosted by the registration of 539 units, which are part of stage three of the redevelopment of Battersea Power Station.

Mike Quinton, the Chief Executive for the NHBC, said:

“The October figures show that the UK housebuilding industry is continuing to build on the strong new housing volumes seen in 2013. All the signs are that 2014 will be another encouraging year with growth being registered across all parts of the UK.”

Private sector registrations have risen by 20% between August and October, 2014, whilst public sector home registrations are down by 7% for the same period.

Regardless of the types of homes being built, this increase in volume is good news for those working in the construction industry. Architects on the Wirral are working on several projects, including new homes for developments like Wirral Waters, which will transform over 500 acres of disused waterfront land.

Registrations for the northwest for the months of August to October are down by 1%, but there were still 2,886 new homes registered in the area.

Posted by Adam Lloyd
January 7, 2015
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