House building still on the up despite February fall

The number of new homes registered in the UK increased by 14% for the rolling quarter December to February compared to the same period last year, according to figures released by NHBC.  

In total 29,557 new homes were registered from December 2013 to February 2014, compared to 26,004 for the corresponding period 12 months ago.

However, the latest figures reveal that the February total of 9,484 registrations was slightly down on last February (10,538). This could be a knock on effect of the bad weather experienced at the start of the year.

As the leading warranty and insurance provider for new homes in the UK, NHBC’s registration statistics are a leading indicator of how the country’s new homes market is performing.

Commenting on the latest statistics, NHBC’s Commercial Director Richard Tamayo said: “Although the results for February in isolation are not particularly strong, the rolling quarter shows that the number of new homes being registered continues to increase.

“Our latest statistics show there is still a way to go before the country starts seeing figures on a par with pre-recession registration statistics, but the new measures revealed in last week’s Budget show that the Government remains committed to boosting the house-building sector.”

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