Private new home registrations down 7% in Q2

Some 40,343 new homes were registered during the period April - June, a marginal 1% decrease on the 40,810 registered 12 months ago.

In the private sector, 29,123 homes were registered, representing 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).

The 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.

“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,” said NHBC business development director Neil Jefferson.

“With demand for housing as strong as ever, the growth seen in the affordable sector is particularly encouraging.”