Yahoo News A 14-year-high in new home registrations recorded
New home registrations have hit a 14-year high, according to data which shows how firms have been responding to strong demand for properties.
The National House Building Council, a warranty and insurance provider for new properties, said registrations peaked at a 14-year high to 46,452 homes in the second quarter.
This covers homes or sites that have secured planning consent and where developers or housebuilders plan to start work on in coming weeks or months, and that would be covered by NHBC’s ten-year Buildmark warranty.
NHBC said all UK regions recorded growth compared to a year earlier, when Covid-19 disruption caused work to halt on a number of construction sites. Total registrations were 130% higher year on year.
A number of estate agents have reported high demand for new homes over the year, with many people reassessing housing needs during lockdowns.
NHBC Chief Executive Steve Wood said: “Despite the combined effects of the pandemic and Brexit causing labour shortages and some disruption to the supply of materials, the outlook for the medium term is a positive one. Demand for home ownership is holding strong alongside significant investor interest in the growing build to rent and retirement living sectors.”
These are the numbers of new build registrations in the second quarter and the percentage increase compared with the same period a year earlier, according to the NHBC:
– North East, 1,871, 436%
– Yorkshire and the Humber, 3,224, 182%
– East Midlands, 4,696, 166%
– West Midlands, 5,192, 201%
– Eastern, 6,432, 122%
– London, 5,199, 23%
– South East, 6,333, 79%
– South West, 3,450, 97%
– Wales, 1,318, 157%
– Northern Ireland and Isle of Man, 1,175, 230%
– North West, 3,903, 212%
– Scotland, 3,659, 417%
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