After releasing new figures, the National House Building Council (NHBC) concluded this.

The numbers show that 29,281 new homes were registered to be built in Q2 2024, down 23% from Q2 2023 (37,861). 33,847 new homes were completed in the same period, 6% down from Q2 2023 (36,145).

However, quarter-on-quarter, NHBC’s new home registrations and completions are tracking positively, up 34% and 29%, respectively.

NHBC says that, whilst this uplift is encouraging, the current quarterly rate needs to be sizeably increased to meet the Government’s housebuilding target, equivalent to 300,000 new homes in each of the next five years.

Across the UK, 9 out of 12 regions saw a rise in registrations in Q2 2024 compared to Q1 2024, with the most significant increases in Wales (+131%), East Midlands (+98%) and North West and Merseyside (+61%).

Registrations were down in Northern Ireland and the Isle of Man (15%), Yorkshire and Humberside (10%), and London (10%).

There were 20,502 private sector registrations in Q2 2024, up 55% on Q1 2024 (13,211). Rental and affordable sector figures were more stable, with 8,779 registrations in Q2 2024, 2% up on Q1 2024 (8,640).

Quarter-on-quarter, there was a rise in registrations across all house types, with a growth of 5% in apartments, 13% in terraced properties, 40% in semi-detached homes, 46% in bungalows and 64% in detached homes, compared to Q1 2024. Detached homes were the most registered house type in Q2 2024 (9,871).