New home registrations on the increase

New home registrations on the increase

Year-on-year figures show that new home registrations are 26% higher for the period January to April compared to the same period last year, 43,223 in 2013 compared to 34,236 in 2012.

According to the latest figures from the National House-Building Council (NHBC) new home registrations increased 39% in April from 8,238 in April 2012 to 11,484 this year.

Whilst all other region saw increases registration between February and April were down in the South East from 4,169 in 2012 to 3,647 in 2013.

NHBC Commercial Director Richard Tamayo said: "April’s registration figures, combined with early indications of increased activity in May, build upon the solid volume growth seen in Q1 2013.

"Similar to previous registration figures this year, the upturn can be attributed in part to the Government’s £2.2bn Affordable Homes Programme which according to Housing Minister Mark Prisk is on track to deliver the target of 170,000 new homes by 2015.”

Mr Tamayo did however advice caution saying that figures were still well below those prior to the economic downturn.

General News

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