NHBC private completions fall 20% in 2023

NHBC figures released today show 133,213 new homes were completed in 2023, down 12% on 2022 (151,308).

Within this private sector completions were down 20% to 87,564 while 45,649 new homes were completed in the rental and affordable sector, up 10% on 2022 and the highest figure ever recorded by NHBC.

The figures also show a decrease in new home registrations down to 105,449 from 189,009 in 2022. Across the UK, all regions saw a fall in registrations, with the biggest drops in North West (-61%), West Midlands (-59%) and Eastern region (-52%).

Private sector registrations were hit hardest, down 53% on last year (64,877 vs136,805 in 2022). The rental and affordable sector saw a shallower decline with 40,572 registrations in 2023, down 22% on the previous year (52,204).

The demise of the bungalow continued with 1,466 registrations in 2023, 48% down on 2022 (2,819). Semi-detached homes saw the greatest number of registrations by house type at 31,363 in 2023, followed by detached homes (29,925) and apartments (25,099) respectively. However all were down year on year.

NHBC ceo Steve …