Number of new homes increased across the UK

The number of completed new homes is growing, according to the latest figures from the NHBC.

The body, which provides building warranties and insurance for new properties, says more than 14,000 new homes were registered in November, the second highest monthly total in 2018.

The total of 15,155 included 11,145 in the private sector and 4,020 in the affordable sector. November’s figures were up 2 percent on the 14,802 total in November 2017.

Rise in both private and affordable sectors

According to the NHBC, 42,745 new homes were registered between September and November in the UK. Of those, 33,104 were in the private sector, up 6 percent on the same period in 2017, and 10,641 were in the affordable sector, up 10 percent on the year.

The areas with the most significant growth in new homes were Yorkshire and the Humber (up 43 percent), Wales (up 34 percent) and the south-west (up 21 percent). In London, the number of new homes registered dropped by 16 percent in 12 months, while the West Midlands fell by 11 percent.

According to the NHBC, nine out of 12 UK regions registered an increase in the number of new properties.

Continued strong growth

The NHBC stats are considered a major indicator for the new homes market.

Its chief executive Steve Wood said: ““It is reassuring to see continued strong new home registration numbers, with growth across the majority of the UK.

“Looking ahead to 2019, NHBC will continue to support the country’s house-building industry to deliver more, high quality new homes for consumers.”