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New home registrations soar to 10-year high

May 5th, 2017 Comments off

The pace of house building is finally showing signs of cranking up a gear with new home registrations for the first quarter of 2017 hitting a 10-year high.

housing theme starts house building
Homes starts take off in first quarter

Nearly 42,500 new homes were registered in the UK by NHBC in the first three months of the year.

This represent a 17% jump on last year with both private and social housing showing strong growth.

Private sector homes were up 10% at 31,197 units, while affordable home registration jumped 40% to 11,273 new homes compared to last year.

For the first time in seven years all 12 regions across the UK enjoyed growth in registrations, when compared to the same period 12 months ago.

The North East (+39%), London (+38%) and Eastern (+31%) were among the regions with the most notable growth.

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