Completions and registrations overall were significantly down in 2023, the warranties provider reveals

New data from the National House Building Council (NHBC) shows affordable homes completions rose 10% in 2023.

Build-to-rent and affordable housing completions by housing associations totalled 45,649, up 10% compared with 2022, and the highest figure recorded by the warranties provider.

House completions and registrations slowed overall in 2023, however, the figures reveal. 

NHBC new homes statistics

Private sector completions were particularly hard hit, with 133,213 new homes completed in 2023, down 12% on 2022 (151,308).

Steve Wood, CEO at NHBC said: “The backdrop of high interest rates, significant inflationary pressures and challenges with planning consents has suppressed private sale output in 2023.”

“With a general election looming, we may also see new home-buyer incentives that influence build volumes.”

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The figures reveal a decrease in new home NHBC registrations, down 45% to 105,449 compared to 189,000 in 2022.

All UK regions saw a fall in registrations, with the biggest drops in North West (down 61%), West Midlands (down 59%) and Eastern region (down 52%).

The numbers also revealed the popularity of bungalows has almost halved, with just 1,466 registrations in 2023, 48% down on 2022.

Semi-detached homes saw the largest number of registrations by house type at 31,363 in 2023, followed by detached homes (29,925) and apartments (25,099).