Leeds Property News: Housing registrations up nationally but Yorkshire lags behind

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The number of new homes being registered to be built across the UK continues to outperform 2014 levels, according to the latest National House Building Council figures for July.

However, the figures for Yorkshire and Humber lag behind other regions.

Following the strong figures reported for Q2 2015, the new statistics reveal an increase of 14 per cent for the rolling quarter May-July, compared to the same period last year, with 43,684 new homes registered in the UK (32,521 private sector; 11,163 public sector). Last year, 38,365 new homes were registered in the same three month period (28,804 private sector; 9,561 public sector).

In Yorkshire from May-July 2014, there were 2,470 registrations, compared to 1,821 during the same period this year.

The public sector increased by 17 per cent during this time, when compared to the same period last year, providing evidence of noticeable growth as a result of the changes to the Affordable Homes Programme.

As the leading warranty and insurance provider for new homes in the UK, NHBC’s registration statistics help to provide new and accurate data on the country’s new homes market.

In July, registrations increased by 12 per cent, with 14,876 new homes registered (11,270 private; 3,606 public) compared to 13,320 in the same month last year (10,389 private; 2,931 public).

NHBC chief executive Mike Quinton said: “Following the strong growth we reported in our quarterly statistics, it is pleasing to see this progress continue into the second half of 2015. However, as we have continually stressed since housing output began to increase two years ago, the UK is still building way below the volumes of homes that we desperately need.”