National House Building Council (NHBC) figures show that 10,309 new homes were registered to be built in January 2016. The number of registrations fell by 9% compared to January 2015 (11,346), indicating a slow start to the year.
The figures come after NHBC reported a 7% year on year increase in the number of new home registrations in 2015. In January 2016 a total of 7,885 private sector and 2,424 public sector homes were registered compared to 8,784 private sector and 2,562 public sector homes in January 2015.
In the rolling quarter (November 2015 to January 2016) a total of 32,468 new homes were registered, compared to 35,732 in the same period 12 months ago; this is a fall of 9%. NHBC figures also show a 10% increase in the number of new home completions in the rolling quarter. Completions increased to 33,182 from 30,155 in the same period 12 months ago, reflecting the strong registration growth seen during 2015.
NHBC chief executive Mike Quinton said: “We saw continued growth in new home registrations throughout 2015. Whilst the January figures indicate a slower start to 2016, industry confidence remains high, with last year’s growth reflected in the increase in new home completions in the past three months.
“There’s no doubt that house builders are extremely active and are optimistic about future growth. With many ambitious build programs underway, it is clear the industry is committed to delivering the high quality new homes the country needs.”