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New home registrations show strong house-building market

New home registrations show strong house-building market

Four per cent more new homes in the UK were built in November 2015 than in the same month last year, indicating that the property market remains buoyant, a new report shows.Figures from the National House Building Council (NHBC) show that 11,390 new homes were registered in Britain last month, marking a slight increase from the number constructed during November 2014.In addition, there has been a three per cent increase in the number of new home registrations between September and November 2015 in comparison to the same three-month period of last year (38,577 up from 37,634).The majority of these were built in the private sector, although several thousand were constructed for residents requiring public sector-owned accommodation. In the public sector, there was a 12 per cent increase in new homes during the quarter when compared to 12 months ago.Construction firms in the south-east of England were particularly busy in the run-up to autumn, as this was the region where the highest number of new homes were registered during the quarter. There were also over 1,000 more new properties built here between September and November 2015 compared to last year.Greater London saw the next highest number of new homes registered during the three-month period, although it experienced a decline in comparison to the same quarter of 2014.Outside of England, Scotland was the part of the UK with the highest number of new homes registered between September and November, followed by Wales and Northern Ireland respectively.Mike Quinton, chief executive of the NHBC, commented: "New home registrations for the last three months have remained slightly ahead of the same period last year, following the growth we have experienced throughout 2015."We hope that this momentum continues into the New Year, as we have been clear that while all growth is encouraging news, the UK is still building way below the volumes of new homes that it desperately needs." 

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