The NHBC latest report into registrations of new plots in quarter three give mixed reports.
Although the headline figure is new registrations are down 5% once you disseminate the report there are some positives that came out of it.
Firstly, as many articles on the subject have highlighted, post brexit vote, registrations have been up.
This quarter the south east region is in fact up some 56%, closely followed by the north west at 48%. Great news for the governments conscious decision to release brownfield land and the northern powerhouse push to boot.
To my mind however, most importantly, is the increase in affordable housing plots, up 18% this quarter alone. Good news for the governments Housing & Planning Minister Brandon Lewis and his push to allow small builders to build without the usual shackles associated with costs.
Registrations for private new homes dropped 5% during Q3 2016, according to NHBC’s latest registration figures. During the July to September quarter, 26,762 private new homes were registered in the UK. Meanwhile, registrations in the affordable homes sector grew 18% to 9,191 new homes during the period. At 35,953, the total number of registrations was virtually identical to the 35,954 of Q3 2015. NHBC explained that a low level of private registrations in July following the EU referendum vote had dragged down the quarter, with August and September seeing the strongest level of registrations since 2007. It also noted the rise in the affordable homes sector, adding that the period compared to that of a year ago when the sector was undergoing changes triggered by rent caps and changes to government funding.