NHBC Reveals 2018 Registrations
NHBC Registrations during 2018, a 0.5% decrease on the 160,396 in 2017. The private sector was down 1%, with the affordable sectors essentially level. New home completions for the year were also stable, up 1% in 2017.
For the year as a whole, eight of the 12 months showed an increase in registrations on the same period a year ago. This includes seven straight months of growth following the slow start to the year caused by the freezing weather conditions and despite uncertainty in the industry around Brexit. The final quarter of the year saw a 2% increase in the UK’s new home registrations (40,513 v 39,736).
Overall, there was growth in six out of the 12 UK regions in 2018 compared to 2017, including Yorkshire & Humberside (+20%), the North West (+7%) and Northern Ireland (+39%). In London, new home registrations were down 10% in 2018 at 16,069, with the capital’s private housing market bearing the brunt of the continuing political and economic uncertainties.
The full year figures of nearly 160,000 new home registrations demonstrate the resilience of the UK housebuilding industry. 2018 was a demanding year, with the extreme weather conditions in the early part and the continuing political and economic uncertainties, which are extending into 2019. – NHBC Chief Executive Steve Wood