According to NHBC’s latest new home registration statistics a total of 36,566 new homes were registered by NHBC in the first three months of the year in the UK.
The overall number is 9% down on the same period last year when 40,144 new homes were registered. However for the financial year 2015/16, registrations remained in line with the previous year with 152,329 new home registrations, marginally ahead of the 152,262 registered in 2014/15.
Commenting on the Q1 figures, NHBC Chief Executive Mike Quinton said: “Our latest statistics show that the industry is consolidating on the strong growth in registrations seen in recent years. Registrations are now around 80% higher than the depths of the financial crisis in 2008/09, driven by increased activity from private sector housebuilders.
“Because of the increase in registrations we are now also seeing the resulting completions come through, as reflected in the 10% rise in the number of new homes completed in the financial year.
“As ever, NHBC’s mission is to ensure construction quality of the very highest standard in new homes across the UK and that this emphasis on quality remains unwavering – particularly during periods of increased activity and production that we have recently seen.”