Seven per cent fall in new home registrations
The number of homes registered by Scottish local authorities in the second quarter of 2016 was 3,015, a 6.8 per cent fall on the 3,237 a year ago, according to NHBC’s latest new home registration statistics.
The 12,275 new home registrations for the rolling 12 months July 2015 – June 2016 also decreased by 1.5 per cent when compared to the previous 12 months (July 2014 – June 2015) which saw 12,459 new homes registered.
Conversely there was 11,330 home completions during the rolling 12 months July 2015 – June 2016, a 2.6 per cent increase over the 11,044 homes completed a year earlier.
Across the UK a total of 41,222 new homes were registered by NHBC in Q2. 31,753 new homes were registered in the private sector, a 6 per cent increase on the 30,086 a year ago. The public and affordable sector was down 13 per cent with 9,469 new homes registered compared to 10,845 in Q2 2015.
The overall number represents a 1 per cent increase on the same period last year when 40,931 new homes were registered, making it the strongest quarter since 2007.
The number of new home completions for the rolling 12 months July 2015 – June 2016 also increased by 6 per cent when compared to the previous 12 months (July 2014 – June 2015). This mirrors the strong growth seen in registrations in recent years, resulting in these new homes being completed over the past twelve months.
NHBC chief executive Mike Quinton said: “Our latest statistics show that the industry continues to consolidate on the strong growth in registrations seen over recent years.
“These registrations reflect continued industry confidence in the run-up to the EU Referendum at the end of June. Indeed, this period was the strongest quarter since Q4 2007, albeit still some way off levels seen over a decade ago.
“NHBC remains fully committed to support the industry to build new homes to the highest possible standards.”