New home registrations up 25% in February
25 March 2015New home registrations grew by 25% in February compared to a year ago, according to NHBC.
NHBC recorded 11,734 new home registrations (9,209 private sector and 2,525 public sector) in February, compared to 9,390 a year ago, although February 2014 was the poorest month last year in terms of new home registrations.
For the rolling quarter (Dec 2014 – Feb 2015), 36,505 new homes were registered compared to 29,681 for the same period last year, an increase of 23%. The private sector recorded 28,139 registrations compared to 21,373 (+32%) a year ago, with the public sector showing a marginal 1% increase with 8,366 new homes compared to 8,308 a year ago.
“We are very pleased that the growth we saw throughout last year has continued into 2015, with our latest figures clearly showing that registrations are up on 2014 levels for the last three months, which is great news for the industry,” said NHBC chief executive Mike Quinton.
