New homes registered to be built in the UK in 2018 was in line with 2017 figures, according to figures from the NHBC and with more than 50,000 new homes registered between January and April 2019, an increase of 5% on the same period in 2018, the prospects for the year look good.
159,617 new homes were registered with NHBC over the year 2018, a slight decrease of 0.5% on 2017’s figures. New home completions for the year were also stable, up 1% to 149,480 in 2018.
For the year there were seven straight months of growth following a stuttering start to the year caused by the freezing weather conditions and despite uncertainty surrounding Brexit.
The NHBC’s figures are a lead indicator of the UK’s new homes market since it is the leading warranty and insurance provider for new homes in the UK.
Steve Wood, NHBC Chief Executive, said: “The full–year figures of nearly 160,000 new home registrations demonstrate the resilience of the UK house-building industry. 2018 has been a demanding year, with the extreme weather conditions in the early part and the continuing political and economic uncertainties, which are extending into 2019. Whatever the environment, NHBC will continue to support housebuilders to deliver the high-quality, new homes that the country needs.”
With 2019 continuing to show good signs, despite the uncertainty over Brexit, there’s a lot to be positive about Mr Woods intimated: “The continued flow of inward investment into the private rental sector is another good sign of resilience.”
Full regional breakdown of total new homes registered for 2018 compared to 2017:
|NHBC – UK Registrations by Region||2018||2017|
|England – Regions|
|North West & Merseyside||18,079||16,919|
|Yorkshire & Humberside||11,196||9,363|
|Northern Ireland & Isle of Man||4,908||3,521|
|Totals for UK||159,617||160,396|