Home registrations reach 12-year high
According to NHBC’s latest statistics, Housebuilders registered the highest number of new homes for 12 years between April and June, with the rental market driving growth.
During Q2 2019, 43,438 new homes were registered, up 12% on the same period in 2018. NHBC said this was the highest number of registrations since Q4 2007 when 43,525 new homes were registered. It added that growth in the private rented sector as well as continuing investment in the UK market were responsible for the lift.
Of the total for the rolling quarter, 29,993 registrations were for private sector homes, up 14% on Q2 2018. Affordable and rental sector registrations rose 7% to 13,445.
Eight out of 12 UK regions experienced growth during the period, with London continuing its upturn – registrations rose notably from 2,984 last year to 6,000. The North West was the second strongest region with registrations increasing 47% to 5,818. Yorkshire & Humberside witnessed the largest fall in registrations of 34% to 1,954.
The full NHBC announcement can be read here.
Supplying clients in the building materials sector with a wide range of precast concrete products, Longley is well placed to meet the demand for new home development, producing enough flooring for more than 40,000 homes per year from its three manufacturing bases in West Yorkshire, London and Northern Ireland. Longley’s precast concrete flooring range includes beam and block, hollowcore and insulated floors.
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