New home registrations level out

registrations

February 06, 2020 – NHBC home registrations rose a modest 1% in 2019 but they were 81% up on the start of the decade.

Private sector registrations were down 3% in 2019 but the affordable sector was up 13% and the build-to-rent sector a massive 57%

In 2019 the total number of new homes registered with the National House-Building Council’s warranty scheme, which represents about 80% of the market, reached 161,022 across the UK, up from 158,878 in 2018.

This made 2019 the strongest year for NHBC new home registrations since 2007, before the financial crash. NHBC registrations reached a low of 88,849 in 2009.

Growth in 2019 was driven by London, where new home registrations increased by 37%, with both the capital’s affordable/rental (+42%) and private housing markets (+33%) performing strongly.

Registrations in the build-to-rent market were up 57% in 2019 compared to 2018. New home completions in 2019 of 150,436 were also marginally up on the previous year (149,702).

There were 112,086 homes registered with NHBC in the private sector, compared to 115,584 in 2018.

There were 48,936 homes registered in the affordable sector, compared to 43,294 in the previous year.

Source:_ https://www.theconstructionindex.co.uk/news/view/new-home-registrations-level-out

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