New home registrations remain stable over last quarter, as 37,582 recorded between August and October
New home registrations have remained steady over the last quarter, according to figures released today from the National House-Building Council (NHBC).
A total of 37,582 new homes were registered, split between 30,046 in the private sector and 7,536 in the public sector, between August and October. By comparison, 37,707 were recorded in the same period in 2014.
The number of new homes in London has dropped off slightly year-on-year. Over the last quarter, 5,876 new homes were registered in Greater London, down from 6,464 for the same period in 2014.
“The last three months have seen new home registrations in line with the corresponding period a year ago,” said Mike Quinton, NHBC's chief executive. “However we expect to be reporting growth for 2015 as a whole, as the first 10 months of 2015 show a 10 per cent increase in registrations compared to the same period last year.”
In October alone, 16,434 new homes were registered, comprised of 12,965 in the private sector and 3,469 in the public sector. The figure represents a 17 per cent increase compared to the same month last year.