NHBC new homes registrations for 2016 reached 151,687 – a fall of 2% over the previous year. The figures were dampened by a sharp drop in London where registrations fell by a third. Outside of London the figures were up 4% despite a blip in July following the EU referendum vote. Overall private sector registrations were 1.5% down against 2015 at 115,689 and registrations in the affordable sector down 5% to 35,998.
Although the overall figures are down year on year, they represent the second highest in almost a decade. The monthly breakdown shows a clear hiatus in July following the vote with a 30% drop in registrations, but the market rallied quickly and four of the last five months of the year saw registrations increase year on year.