New home registrations in the UK have risen over 80 per cent in the last decade, according to the NHBC.
From 2010 to 2019 inclusive some 1,405,771 new homes were registered to be built across the UK. In 2019, 161,022 homes were registered with NHBC, an 81 per cent increase on the 88,849 homes registered a decade earlier making 2019 the strongest year for new home registrations since 2007. Over the same period, the West Midlands (169 per cent) and North West (148 per cent) have seen the highest percentage increase of new homes registered. Compared to the previous year, the number of homes registered in 2019 was up one per cent. Growth was driven by London, where new home registrations increased by 37 per cent.
The Build to Rent sector had another positive year with registrations up 57 per cent in 2019 compared to 2018. New home completions in 2019 of 150,436 were also marginally up on the previous year (149,702).
NHBC chief executive Steve Wood says:
“It is great to see the resilience of house builders over the 2019 year. This momentum needs to be maintained as we enter a new decade, with the industry ever-more focused on quality and fire safety.”
Source: Estate Agent Today