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Pre-pandemic Levels reached in Home Completions | BUILDING MAGAZINE

Pre-pandemic Levels reached in Home Completions

New home completions have now returned to pre-pandemic levels, according to the latest data recorded by the National House Building Council (NHBC).

An increase of 16% on the same period in 2021 shows that 40,289 new homes with NHBC warranties have been completed.

A 45% increase in the number of new home registrations, which is the process with which housebuilders register plots intended for building with NHBC, was recorded in the second quarter April – June.

The increase seen is believed to be in part due to builders seeking to minimise the cost impact of energy efficiency regulations, recently introduced.

The latest figures show that output from the new homes market has made a robust return to pre-pandemic levels. There is also no sign that the current cost of living crisis or the threat of a recession is having any adverse effect on consumer demand.