NHBC reports new home registrations at highest in 14 years

News Article

Latest figures from the National House Building Council (NHBC) have revealed new home registrations have reached a 14-year high.

In the second quarter of 2021, there were a total of 46,452 new registrations.

Compared with the same quarter last year, when many constructions firms either halted or reduced site work due to Covid lockdown restrictions, the latest data represents a 130% increase.

Home completions have also risen to meet increasing demand – up 213% to 34,644 new builds.

NHBC chief executive, Steve Wood, said: “Our latest quarter’s registration statistics show the remarkable recovery the housebuilding industry has made since activity ground to a halt on site in April and May last year.

“A 14-year-high in new home registrations is quite something in the present environment.

“Despite the combined effects of the pandemic and Brexit causing labour shortages and some disruption to the supply of materials, the outlook for the medium term is a positive one.

“Demand for home ownership is holding strong alongside significant investor interest in the growing build to rent and retirement living sectors.”

Adam Davis, a Director with Palmers Solicitors, who specialises in construction law, said: “These figures are very positive news for the construction industry and will hopefully lead to continued growth and opportunities for local construction and engineering sub-contractors in our region.

“Our experience in working with the construction and engineering sector means we are ideally placed to provide independent, practical advice to help firms with their contracts, as well as tender submissions.”

For help and support on contract submissions and project delivery compliance, please contact Palmers specialist construction team.