The number of new homes registered for construction in the UK hit a nine-year high in the second quarter of 2016, new figures reveal.
According to the latest research from the National House Building Council (NHBC), 41,222 new homes were registered in April to June, an increase of one per cent on the same period last year and the sector’s strongest performance since 2007.
Private sector registrations have risen by six per cent compared to a year ago to 31,753 new homes but the number of new homes registered in the public and affordable sector was down to 9,469 new homes compared to 10,845 in Q2 2015.
Affordable and public sector homes registrations also fell by 13 per cent compared to the same time last year.
The figures portray a mixed picture across the UK with half of the 12 regions showing an increase in registrations during Q2, including the South East (+37 per cent) and the North East (+34 per cent) with the other half reporting a decline in numbers, such as Wales (-30 per cent) and London (-29 per cent) compared to the same period last year.
The number of new home completions for the rolling 12 months July 2015-June 2016 also increased by six per cent when compared to the previous 12 months (July 2014-June 2015). This mirrors the strong growth seen in registrations in recent years, resulting in these new homes being completed over the past 12 months.
NHBC chief executive Mike Quinton said: “Our latest statistics show that the industry continues to consolidate on the strong growth in registrations seen over recent years.
“These registrations reflect continued industry confidence in the run-up to the EU Referendum at the end of June. Indeed, this period was the strongest quarter since Q4 2007, albeit still some way off levels seen over a decade ago.
“NHBC remains fully committed to support the industry to build new homes to the highest possible standards.”