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The number of new affordable homes to be built in the UK rose by 17% in August while the number of new home registrations in the private sector fell dramatically, latest National House Building Council (NHBC) figures have revealed.
According to the NHBC, 3,875 new homes were registered in the affordable and rental sector in August, a 17% increase year on year on the 3,252 homes registered in 2018. In the private sector, a total of 8,420 new homes were registered, down 20% on 2018’s figure of 10,460 homes.
The NHBC is a warranty provider responsible for the warranties of 80% of all new build homes in the UK.
The overall number of new homes registered to be built by builders and developers across the UK in the month was down 10% compared with August 2018, with 12,295 registered this year compared with 13,712 the previous year.
Between June and August on a rolling quarter basis, 40,213 new homes were registered compared with 42,329 in 2018 – a decrease of 5%. Within this, there was an 8% fall in the private sector, partially offset by 4% growth in the affordable and rental sector.
Commenting on the latest figures, Steve Wood, chief executive of the NHBC, said: “The slowdown in overall registrations in August seems to be partly due to prevailing uncertainties in this pre-Brexit period. Nonetheless, it is encouraging to see growth coming through in the affordable and rental sector.”
The most homes registered during the June and August period were in London, which registered 6,168 homes, up from 5,868 the year before. London was closely followed by the South East, which saw 6,091 registrations, though this was lower than the 6,311 for the same region in 2018.
Wales saw the lowest number of homes built, with 1,151 registered with the NHBC, down from 1,230 in 2018. Northern Ireland and the Isle of Man saw 1,238 homes registered, down from 1,960 the previous year.