Private sector registrations continue decline – NHBC

Nov. 28, 2019
<p>New home registrations fell 4% quarterly, while those for October alone suggested an improvement but with private sector registrations still declining, NHBC’s latest data shows.</p> <p><span>During the rolling quarter of August to October, registrations for new homes slipped to 40,472 from 42,198 during the equivalent period in 2018.</span></p><p></p> <p><span>Of these, 28,182 were for the private sector, a drop of 12%. Meanwhile, registrations for the affordable and rental sector continued their story of growth, increasing 22% to 12,290.</span></p><p></p> <p><span>In October, registrations increased 6% year-on-year to 15,343 new homes. Those for the private sector fell 2% to 10,688, with affordable and rental registrations growing 31% to 4,655.</span></p><p></p> <p><span>During the August to October quarter, four out of 12 UK regions saw registration growth, including the West Midlands at +56%, London +10% and Yorkshire and Humberside at +6%.</span></p><p></p> <p><span>Steve Wood, NHBC’s ceo, said: “Following several months of slowdown as a result of Brexit uncertainties, it is promising to see encouraging numbers for October.</span></p><p></p> <p><span>“NHBC will continue working with the industry to maintain and improve the quality of new homes for the people who live in them.”</span></p><p></p>

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