New home registrations across the UK remain ahead of last year’s figures, with the latest rolling quarter revealing an 8% increase on the same period in 2013, according to new figures released by NHBC.
The latest statistics show that 37,222 new homes were registered across the UK for the period September – November, compared to 34,356 for the corresponding three months in 2013.
New home registrations in the private sector remain up on last year for the rolling quarter (29,812 in 2014; 25,079 in 2013) but the public sector is struggling to match the numbers registered 12 months ago (7,410 in 2014; 9,277 in 2013).
The drop in the number of affordable homes being registered also resulted in November falling slightly below overall levels for the same month last year (10,824 in 2014 - 8,764 private; 2,060 public compared to 11,409 in 2013 – 8,010 private; 3,399 public).
“As we approach the end of the year it is clear that overall registration levels for new homes in 2014 will show an increase on last year’s extremely strong growth,” said NHBC Chief Executive Mike Quinton. “These registration figures are a good lead indicator of the volume of new homes that will be constructed and available for sale in the months ahead.”