Private registrations up 43% in Q3 – NHBC

Oct. 22, 2021
<p><span>UK private sector registrations grew </span><span class="A12"><span>43% during Q3 2021 compared to the same period in 2020, the latest figures from NHBC show.</span></span><span class="A12"><span></span></span></p> <p>During the period, <span>26,054 homes were registered in the private sector. David Campbell, NHBC’s commercial director, said registrations were at “broadly similar levels” to those seen before the pandemic due to the “relentless resilience” of the market.</span></p> <p><span>Overall registrations were 14% up to 33,779 although rental registrations (including affordable rent and Build to Rent) were 32% down at 7,725 homes. Campbell said the fall was mainly contributed to providers committing less capital to developing affordable rented homes and diverting it to remedial work.</span></p> <p><span>Meanwhile, Q3 completions were down 5% year-on-year to 31,908, with those for private and rental down 5% and 6% respectively. NHBC said this reflected the “post-lockdown recovery” of last year, but, added Campbell, also possibly the effects of material and labour shortages.</span></p> <p><span>“This is the first quarter we’ve seen this come into the statistics, based on anecdotal evidence rather than established trends,” he stated. NHBC would be looking with interest at Q4 data for any continuing trends here, he said.</span></p> <p><span>The Q3 statistics also revealed that detached homes represented the largest proportion of …

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