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New home growth continues over summer

The number of new homes being registered to be built across the UK continues to outperform 2014 levels, according to the latest NHBC figures for July.

Following the strong showing reported in the second quarter of 2015, the statistics reveal an increase of 14% for the rolling quarter between May and July compared with the same period last year, with 43,684 new homes registered (32,521 private sector; 11,163 public sector).

Last year, 38,365 new homes were registered in the same three-month period (28,804 private sector; 9,561 public sector).

The public sector increased by 17% during this time when compared with the same period last year, providing further evidence of noticeable growth as a result of the changes to and the extension of the Affordable Homes Programme.

As the leading warranty and insurance provider for new homes in the UK, NHBC’s registration statistics help to provide new and accurate data on the country’s new homes market.

In July, registrations increased by 12%, with 14,876 new homes registered (11,270 private; 3,606 public) compared with 13,320 in the same month last year (10,389 private; 2,931 public).

NHBC chief executive Mike Quinton said: “Following the strong growth we reported in our quarterly statistics, it is pleasing to see this progress continue into the second half of 2015. However, as we have continually stressed since housing output began to increase two years ago, the UK is still building way below the volumes of homes that we desperately need.”

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