New Home Registrations Fall 9% Annually
New homes registered to be built in the UK during July have fallen by 9% when compared with the figures from 2018.
In July, 14,262 new homes were registered. However, 15,719 homes were registered during the same month in 2018, according to figures obtained from the National House Building Council (NHBC).
Of this total, 10,398 new builds were registered by the private sector; a fall of 12% from the 11,877 registered in 2018.
However, the registration of social housing and residential properties intended for the affordable rental sector remained relatively consistent with previous months. The 3,864 social properties registered in July only a marginal fall from the 3,842 properties in June.
NHBC commentators view July’s registrations as a minor blip, inconsistent with the rolling quarter figures between May and June. The 44,163 registrations during this time represented a 2% increase on the 43,199 registrations recorded during 2018.
However, even this optimistic outlook still suggests that private registrations are declining whilst public registrations remained stable and even increased.
During the rolling quarter, the 30,584 registrations recorded in 2019 between May and July was 0.8% lower than the 30,841 recorded in 2018.
Conversely, year on year comparisons for the rolling quarter indicate that the 13,579 social home registrations in 2019 represented an increase of almost 10% from the 12,358 registrations in 2018.
Steve Wood, NHBC Chief Executive, said:
“Although new home registrations for July are down compared to 12 months ago, we are still seeing signs of growth coming through with the rolling quarter.
“Despite the uncertainties and concerns around Brexit, the industry remains resilient and you can see that in these figures.”