Private sector leads 25% rise in registrations

Feb. 9, 2022
<p><span>NHBC’s new home registrations in the UK grew 25% in 2021 against 2020 with the private sector leading the improvement.</span><span></span></p> <p><span>The new home warranty and insurance provider’s data for 2021 showed that last year, 153,339 new homes were registered, with those for the private sector increasing 42% on 2020 to 114,477.</span></p> <p><span>Contrastingly, in the affordable and build to rent sector, registrations fell 8% to 38,862. NHBC said this was partly due to housing association’s capital budgets being diverted to addressing safety remediation on existing housing stock.</span></p> <p><span>The data also showed an increase in new home completions in 2021, up 21% to 139,333.</span></p> <p><span>Out of the 12 UK regions, 11 experienced growth in new home registrations last year. The North East saw the strongest lift with registrations up 74% to 7,467. Other areas experiencing significant growth in 2021 included East Midlands (+</span><span>50%</span><span>), </span><span>the East (+46%) and Scotland (+43%).</span></p> <p><span>Meanwhile, London’s registrations dropped 27%, owing to the pandemic and “some hesitation on apartment block registrations”.</span></p> <p><span>And registrations for apartments declined by 15% year-on-year to 27,867. This was the only house type to see a decrease, whilst those for detached homes rose 47% to 52,190.</span></p> <p><span>But Steve Wood, NHBC’s ceo, said the “death …

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