Private registrations up 31% in Q1 – NHBC

May 18, 2022
<p>UK new home registrations increased 25% in the first quarter of 2022 against the same period last year, with private registrations up 31% but completions slightly down, according to the latest NHBC data.</p> <p>In Q1 2022, a total of 45,991 new homes were registered to be built. Of these, 35,134 were for the private sector – a “key driver” of the growth - compared to the 26,773 of Q1 2021, with housebuilders continuing “to respond to high consumer demand for new homes”.</p> <p>Meanwhile, new build registrations for the affordable and Build to Rent sector grew 10% against Q1 2021 to 10,857. This was partly due to gains in Build to Rent, NHBC said.</p> <p>Within the UK regions, London recorded a “bounceback to growth”, with registrations in the capital climbing 51% in Q1 2022 year-on-year. Wales, East Midlands and West Midlands also witnessed significant registration increases, at 84%, 65% and 52% respectively. But Northern Ireland, Scotland and the East saw decreases at -8%, -6% and -16%.</p> <p>Registrations for every house type rose during the quarter – those for detached homes hit a 20-year high of 16,090, driven by housebuilders responding to buyers continuing to work from home and seeking extra space, …

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