Private sector registrations rise 11% in 2024 – NHBC

New home registrations in the private sector climbed 11% in 2024, according to the latest NHBC data.

NHBC noted “signs” of private sector growth, recording 68,987 registrations compared to 62,291 in 2023. In contrast, registrations in the affordable and rental sector dropped 18% against 2023 to 35,245, with the cost of remediating existing housing stock constraining development budgets, NHBC noted.

Total registrations therefore, were “broadly” similar to 2024, at 104,232 against 105,071.

But NHBC’s statistics for 2024 showed that private sector completions were down 10% year-on-year to 78,320 homes.

Those for the affordable and rental sector dipped 2% to 45,824, but NHBC said this was the second highest completion figure it had ever recorded for the sector. Total new home completions stood at 124,144, a 7% decline on 2024.

Seven out of the 12 UK regions saw a rise in registrations in 2024 against the previous year. North West & Merseyside, the West Midlands and Scotland experienced the biggest rises at +17%, +16% and +15% respectively.

Meanwhile, London’s new home registrations plummeted 48%, “linked to financial challenges for housing associations and building safety costs on tall buildings,” NHBC said.

By house type, semi-detached homes …