New home registration statistics for the region are bucking the national upward trend, according to new figures.
Statistics released by the National House Builders’ Council show that the number of new homes being registered nationally continues to improve on last year’s figures, but the figures for Yorkshire and the Humber and East Midlands have fallen during the survey period.
In total 34,239 houses were registered for the rolling quarter February to April, just over a three per cent increase on the same three month period last year (33,111).
The month of April saw a four per cent increase compared to last April’s totals, (11,912 in 2014; 11,484 in 2013), with it being the highest April total since 2007.
Private sector registrations saw an increase of two per cent (25,046) and public secot registrations a seven per cent increase (9,193).
But in Yorkshire and the Humber, there were a total of 1,559 registrations between February and April this year compared to 1,702 last year and in the East Midlands there were 2,492 registrations this year, compared to 2,713 between February and April 2013.
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 he is pleased to see growth continuing into this year: “Having seen very strong growth in 2013, it is comforting to see 2014 consolidate and even improve on last year’s high volumes.
“As production ramps up across the country it is vital that we are able to provide the support and guidance to the industry that is needed at this time as builders strive to meet the growing demand for more new homes that the UK clearly needs.”
NHBC’s ten-year Buildmark warranty covers around 80 percent of new homes built in the UK,