News Overall New Home Registrations Dip 8 Three Months Following Brexit August Sees 20 Rise

Despite the overall number of new UK home registrations falling by almost 10 per cent during the summer compared to the same period a year ago, August proved a more positive month with registrations rising by 20 per cent year-on-year, new figures reveal.

According to the National House Building Council (NHBC), 36,869 new homes were registered between June and August compared to 40,123 in 2015 – a drop of eight per cent following the UK’s decision to quit the European Union (EU).

Private sector registrations slipped to 28,129 from 30,097 in 2015, while 8,740 new homes were registered in the public sector – down from last year’s 10,026.

However, the sector was boosted in August with 12,486 new UK homes registered to be built in the eighth month of the year – an increase of 20 per cent compared to the same month in 2015.

Of these, 9,225 were registered in the private sector and a further 3,261 in the public sector, compared to 10,391 (8,385 private sector; 2,006 public sector) a year ago.

Several regions saw year-on-year registration growths including the North East (+54%), Yorkshire and Humberside (+31%) and the South West (+23%).

Commenting on the figures, NHBC chief executive Mike Quinton said: “August’s registration statistics show that the number of new homes being registered is considerably up compared to the same time last year.

“While overall rolling quarter numbers are down 8 per cent, this came during an unprecedented period of uncertainty immediately after the EU Referendum. Despite this over half of the UK regions experienced growth in registrations compared to the same three month period last year.

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“As ever, NHBC remains fully committed to support the industry to build new homes to the highest possible standards.”

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