Rise in registrations for new homes to be built: NHBC....despite apparent slow down felt in market

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    Rise in registrations for new homes to be built: NHBC
    By Leah Milner 29th May 2019 11:33 am


    There were more than 13,500 registrations for new homes to be built in April, up by 21 per cent on a year earlier, the latest figures from the National House Building Council reveal.


    The Council, which provides warranties on new-build homes, says that of the 13,527 registrations in April, 9,972 were in the private sector while 3,555 were for affordable homes and social housing.

    April’s figures compares to 11,218 registrations for new homes to be guilt during the same month of 2018.

    In the three months to the end of April, there was an increase in registrations in seven out of 12 UK regions compared to the same quarter of last year.

    Registrations in London rose by 61 per cent from 3,397 to 5,475, which the Council says was driven by large developments and growth in the private rental sector.

    But in the Eastern region of England there was a 22 per cent drop in registrations from 4,671 to 3,661.

    The North East saw an 11 per cent drop in registrations from 1,470 to 1,312.

    NHBC chief executive Steve Wood says: “It is great to see another strong month for new home registrations.

    “To date, there is little evidence that Brexit uncertainties are denting developer confidence, whilst the continued flow of inward investment into the private rental sector is another good sign of resilience.”

    However, critics responding to the release of official housing statistics last week suggest that building rates are still a long way from the pace needed to meet the government’s manifesto pledge on the creation of new homes.

    By Leah Milner 29th May 2019 11:33 am
     

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