New home registrations for 2015 remain at a higher level than last year with strong growth reported in May, according to new figures released by the National House Building Council (NHBC).
The figures also show encouraging signs of a revival in the public and affordable housing sector which saw an eight per cent increase in registrations in May.
For the rolling quarter (March – May), registrations increased by 15 per cent compared to the same period last year (43,987 in 2015; 38,247 in 2014), mirroring the strong growth already reported by NHBC this year.
The private sector increased by 17 per cent during this period (33,046 in 2015; 28,216 in 2014), with the public and affordable sector also up by nine per cent (10,941 in 2015; 10,031 in 2014).
As the leading warranty and insurance provider for new homes in the UK, NHBC’s monthly registration statistics help to provide new and accurate data on the country’s new homes market.
For May, 14,392 new homes were registered (11,162 private sector; 3,230 public sector), a nine per cent increase on the 13,194 homes (10,198 private; 2,996 public) registered in the same month last year.
Commenting on the latest statistics NHBC Chief Executive Mike Quinton said the sector was experiencing a period of steady growth: “So far in 2015 we have seen new home registrations remain consistently ahead of 2014 levels, which is clearly encouraging news for the industry. There have been signs that the public and affordable sector is continuing to improve while the uncertainty predicted by some around the period of the General Election failed to materialise, with steady growth a constant feature throughout the year to date.”