February’s new home registrations revealed

House Building Taylor Wimpey London

""House-builders in the UK registered more than 12,000 new homes for construction last month, figures have revealed.

According to statistics from the National House Building Council, there were 12,181 new home registrations in February 2016.

It comes on the back of previous findings showing a year-on-year rise in the number of properties registered.

Between January 2015 and January 2016, there was a 7% increase in registrations, the figures show.

This breaks down to 7,885 homes registered by private-sector builders and 2,424 registered by public-sector bodies in January 2016.

January 2015, meanwhile, saw 8,784 private-sector registrations and 2,562 from the public sector.

House-builders have also performed strongly in terms of new home completions, according to the figures.

In the rolling quarter – between November 2015 and January 2016 – completions shot up by 10% compared to the same period 12 months ago.

Completions rose from 30,155 to hit 33,182 in 2016, an increase that has been attributed to strong registration growth in 2015.

In a £2.7 million initiative launched together with the Home Builders Federation, CITB is to help fund the training of more than 45,000 new house-building workers by 2019.

Speaking after the release of the figures for February, Mike Quinton, chief executive of the NHBC, said that even though they represented a slight dip, confidence among house-builders remains high.

He said: “We saw continued growth in new home registrations throughout 2015. Whilst the January figures indicate a slower start to 2016, industry confidence remains high, with last year’s growth reflected in the increase in new home completions in the past three months.

“There’s no doubt that house-builders are extremely active and are optimistic about future growth. With many ambitious build programmes under way, it is clear the industry is committed to delivering the high-quality new homes the country needs.”

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