Home construction © Getty Images
According to a report on ttjonline.com, the private sector grew by 3% with 118,825 new homes registered, with the affordable sector increasing by 14% to 41,781 – the highest yearly total for the sector since National House Building Council (NHBC) electronic records began 30 years ago.
New home completions also increased by 4% from 141,685 in 2016 to 147,278 last year. Nine out of 12 UK regions experienced an increase in registrations, with the East Midlands and Wales leading the charge (both +19%). Figures for London showed the rate of new homes being registered was slightly up on 2016, with 17,850 units compared to 17,587 the previous year, the first increase year-on-year in the capital since 2014.
“Our figures show the market has delivered strong growth resulting in the highest new home figures for a decade and growth across the majority of the UK, including London for the first time since 2014,” said NHBC chief executive Steve Wood.
