New homes on the rise

New home registrations in the UK have risen by 25 percent for the year up to and including August, new figures released by NHBC reveal.

The figures show continued improvement around the country compared to the same period in 2012. In total 90,730 new homes have been registered in the first eight months of 2013, compared to 72,740 last year over this period.

There was a marginal increase in August registrations compared to the same month last year (9769 in 2013 compared to 9553 in 2012) but the rolling quarter for June-August 2013 saw a 15 percent increase from the same three months last year (33,593 in 2013 compared to 29,272 in 2012).

As the leading warranty and insurance provider for new homes in the UK, NHBC’s monthly registration statistics provide significant insight on the country’s new homes market.

The increase in registrations over the course of the year compared to 2012 can be seen as proof of how various government initiatives, such as the Help To Buy scheme, are helping in the delivery of new homes across the UK.

NHBC commercial director Richard Tamayo said: “Our latest statistics continue the pattern we have seen over the course of the year, with new home registration figures showing a noticeable improvement on recent years but still considerably down on pre-economic downturn figures.

“These figures are the highest for this period (January–August) since 2007 which is obviously encouraging news, but illustrates the significant difference in the number of new homes being built six years ago and now.”