The number of new-home registrations in the UK has hit a 14-year high, according to new NHBC (National House Building Council) data released today.
The NHBC figures show that the second quarter of 2021 was the strongest quarter for new-build home registrations since 2007.
Registrations peaked at a 14-year high at 46,452 homes in Q2 2021, evidence that supply is increasing rapidly as housebuilders and developers respond to the strong demand for new homes.
The NHBC says there has been “extraordinary” growth compared with the second quarter of 2020, when lockdown restrictions were at their height and work on many sites was halted.
A comparison of the two periods show that registrations are up by 130% and completions are up by 213% – a total of 34,644 homes.
Within this, private-sector registrations were up 227% compared with Q2 2020 – from 10,865 to 35,495.
In the rental sector, registrations are up by 17% – from 9,375 to 10,957.
All UK regions have seen increased registrations in Q2 compared with last year, with the highest uplifts being seen in the north east of England (436%) and Scotland (417%).
Commenting on the Q2 new home registrations statistics, NHBC chief executive Steve Wood said: “Our latest quarter’s registration statistics show the remarkable recovery the house-building industry has made since activity ground to a halt on site in April and May last year.
“A 14-year-high in new home registrations is quite something in the present environment.
“Despite the combined effects of the pandemic and Brexit causing labour shortages and some disruption to the supply of materials, the outlook for the medium term is a positive one.
“Demand for home ownership is holding strong alongside significant investor interest in the growing Build to Rent and retirement living sectors.”
Image: Robert Kneschke/Shutterstock
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