Private sector registrations rise 13 percent in 2014

News Item
30 Jan 2015

The private sector led housebuilding growth in 2014, with registrations for new private homes rising 13% to 110,403 homes against 2013, according to annual figures released by the NHBC today (January 30).

UK registrations overall were especially strong in Q4 at 38,157 homes, an increase of 17% compared to Q4 2013, which NHBC said was a “pleasant surprise”.

Overall registration figures increased 9% to 145,174 during the year, with registrations for public sector housing dropping 4% to 34,771. NHBC said that the decline in public home registrations may have been due to changes in funding under the Affordable Homes Programme.

Growth was experienced in 11 out of 12 regions, with five outstripping London’s growth rate of 10% for the year.

NHBC’s annual data also revealed a marked increase in the number of detached homes registered, a 24% improvement on 2013 at 38,113. “There has been a move back to what’s more traditional in the UK with detached homes accounting for 26% of UK registrations in 2014,” said NHBC’s business development director Neil Jefferson.

“We are encouraged to see that overall housebuilding levels grew by 9% last year - building on the strong volumes registered in 2013,” said chief executive Mike Quinton. “The regions were the big drivers of growth in 2014 showing that the recovery is no longer centred in London and the south east.

Whilst the overall growth last year is to be welcomed, we are still building below the levels seen before the economic downturn and below what this country needs. With the general election just three months away, it is therefore very encouraging that housing remains a top priority for all the main parties.”

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