Private sector drives growth in new home registrations
Private sector building projects have helped lift the number of new home registrations by 13% between November 2014 and the end of January when compared with the same period 12 months ago, according to National House Building Council data.
Overall totals for November 2014 to January 2015 show that 35,836 new homes were registered in the UK, compared with 31,852 for the corresponding quarter last year. The private sector increased 23% (27,881 compared with 22,612), with the public sector down 14% (7,955 compared with 9,240).
The latest figures follow NHBC’s announcement last month that there had been a 9% increase in the overall volumes of homes registered in the UK from 135,344 in 2013 to 147,015 in 2014.
NHBC's registration statistics are a leading indicator of the health of the country's new homes market. Commenting on the latest registration statistics, NHBC chief executive Mike Quinton said: "Following on from our annual registration figures, the rolling quarter shows that the overall new home volumes are ahead of 12 months ago, with the private sector quite clearly the main driver of growth. Even though January was slightly down we must remember this is after the extremely strong figures for December.
In Greater London, 6,872 new homes were registered between November 2014 and January 2015 compared with 5,808 12 months ago. In the regions, the number of new home registrations was also up in the north east, Yorkshire and the Humber, the West Midlands, the south west, the south east, Scotland, Wales and Northern Ireland when compared with the same period last year. However, figures were down in the north west, the east Midlands and eastern England.
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