House-building output continues to show year-on-year growth with new home registrations continue rising strongly in May, according to new figures from the NHBC.
During May 2015, there were 14,392 new homes registered with the National House Building Council. That is a 9% increase on the 13,194 homes registered in the same month last year.
It is also a 6% month-on-month rise; there were 12,459 new homes registered with the NHBC in April 2015.
There were 11,162 private sector registrations in May 2015, up from 10,198 in May 2014. Public sector registrations also rose, reaching 3,230, up 8% from 2,996 last year.
For the rolling quarter March to May 2015, registrations increased by 15% compared to the same period last year to 43,987 (38,247 in 2014).
The private sector increased by 17% during this period (33,046 in 2015; 28,216 in 2014), with the public and affordable sector also up by 9% (10,941 in 2015; 10,031 in 2014).
NHBC chief executive Mike Quinton said:
“So far in 2015 we have seen new home registrations remain consistently ahead of 2014 levels, which is clearly encouraging news for the industry.
“There have also been signs that the public and affordable sector is continuing to improve while the uncertainty predicted by some around the period of the general election failed to materialise, with steady growth a constant feature throughout the year to date.”