{"id":20750,"date":"2018-09-03T12:15:13","date_gmt":"2018-09-03T11:15:13","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=20750"},"modified":"2018-09-03T12:15:13","modified_gmt":"2018-09-03T11:15:13","slug":"huge-rise-in-new-home-registrations-easing-housing-market-supply","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-au\/news\/huge-rise-in-new-home-registrations-easing-housing-market-supply\/","title":{"rendered":"Huge rise in new home registrations easing housing market supply"},"content":{"rendered":"

A surge in new residential properties being built was recorded across the UK in July after a slow start to the year, with strong growth in the private rental sector.<\/strong><\/p>\n

New home registrations soared by 35% in July compared to July 2017, according to the latest figures released by the National House Building Council (NHBC) – bringing the total registrations for the month to 15,800 new homes.<\/p>\n

The number registered to be built in the private residential<\/a> sector climbed to 12,087, compared to 8,421 in the same month last year, while affordable sector<\/a> property registrations rose to 3,782 from 3,362 the previous July.<\/p>\n

With the government’s 300,000 new homes a year housebuilding target<\/a> looming over the market, which was introduced as a measure to help ease the “housing crisis<\/a>” by increasing supply and creating more affordable housing across the country, the figures show a promising step in the right direction for the industry.<\/p>\n

New rental homes being built<\/h4>\n

London<\/a> saw the biggest rise in the number of new homes registrations with an 86% uplift between May and July this year compared to the same period the previous year, which the NHBC believes is largely a result of a surge in the number of large housing associations as well as private rental sector<\/a> developments registered in the city. The build-to-rent sector has soared in popularity in the UK, led by London but now becoming prominent across the country’s other major cities<\/a> as the housing market continues to shift towards renting rather than owning a home.<\/p>\n

Steve Wood, chief executive of the NHBC, said: “Following a slow start to the year due to the extreme weather, we have had promising new home figures in recent months with July seeing a real uplift. Over the last three months we have had growth in new home registrations in eight out of 12 UK regions, with London leading the way.<\/p>\n

“NHBC continues to support UK builders<\/a> in delivering high quality new homes for the benefit of consumers.”<\/p><\/blockquote>\n

Regionally, the highest number of new home registrations between May and July 2018 was seen in the south-east, with 6,879, followed by London with 5,289. Meanwhile, the east of England registered 4,866 during the period, followed by the north-west<\/a> and Merseyside<\/a> with 4,260.<\/p>\n

According to the NHBC website, registrations refer to the process of a builder registering a new plot\/home to be built in the coming months or weeks, to be covered by NHBC\u2019s ten-year Buildmark warranty.<\/p>\n","protected":false},"excerpt":{"rendered":"

A surge in new residential properties being built was recorded across the UK in July after a slow start to the year, with strong growth in the private rental sector. New home registrations soared by 35% in July compared to July 2017, according to the latest figures released by the National House Building Council (NHBC)… Read more »<\/a><\/p>\n","protected":false},"author":1069,"featured_media":4273,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[44,341],"class_list":["post-20750","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uk-housing-market","tag-new-build","tag-newsletter"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/posts\/20750","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/users\/1069"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/comments?post=20750"}],"version-history":[{"count":0,"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/posts\/20750\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/media\/4273"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/media?parent=20750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/categories?post=20750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-au\/wp-json\/wp\/v2\/tags?post=20750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}