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October new housing registrations reach their highest point since June 2011

The number of new homes registered in the UK reached their highest level since June 2011, according to the latest figures from the National House Building Council.

Figures showed a total of 13,950 new homes were registered in October – the highest number of registrations since June 2011, when 14,565 homes were registered.

Of the new homes registered in October, 11,151 were private sector and 2,799 were public sector.

October also showed a 10 per cent increase in growth compared with the same month last year, when 12,682 new homes were registered. The figures were boosted in part by the registration of 539 new units that will be part of the third phase of the Battersea Power Station redevelopment project in London.

Over the last quarter, there was a 20 per cent increase in private sector registrations, while public sector registrations are down by 7 per cent.

Between August and October, housing registrations saw growth almost across the board regionally, aside from two exceptions: registrations fell to 2,886 in the North-west, compared with 3,035 in the same period a year earlier, while the East Midlands dropped to 2,510, compared with 2,848 a year earlier.

Scotland saw the largest growth, with over 1,000 new homes registered between August and October.

Commenting on the statistics, NHBC chief executive Mike Quinton said: “The October figures show that the UK housebuilding industry is continuing to build on the strong new housing volumes seen in 2013.

“All the signs are that 2014 will be another encouraging year, with growth being registered across all parts of the UK.

“While this is obviously positive news, we know that the industry is working from a historically low base so there is still much work to do to ensure this momentum continues.”

 

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