Developers registered 40,000 new homes to be built in the UK during Q2 2017, according to NHBC’s latest new home registration statistics.
Stats show 40,343 new homes were registered during the period April – June, a marginal 1% decrease on the 40,810 registered 12 months ago.
The 29,123 homes registered in the private sector represented a 7% decrease on the same period a year ago (31,381), with 11,220 new homes registered in the affordable sector, a 19% increase on 2016 numbers (9,429).
A continued rise in the affordable sector can be attributed to a number of larger housing associations developing homes for market rent, private sale and shared ownership along with a rise in joint ventures with the private sector.
Six out of the 12 UK regions experienced growth in registrations, when compared to the same period last year.
West Midlands (4,223 +33%), Scotland (3,709 +23%) and Wales (1,345 +56%) were among the regions with most notable growth.
As the leading warranty insurance provider for new homes in the UK, NHBC’s registration statistics are a lead indicator of the UK’s new homes market.
NHBC business development director, Neil Jefferson, said: “New home registrations have remained stable in the second quarter of this year, with some areas of the UK seeing significant increases in registration volumes.
“With demand for housing as strong as ever, the growth seen in the affordable sector is particularly encouraging.”