Are we having a pre Brexit wobble?

The latest NHBC registration figures would suggest so.

Steve Wood, The NHBC CEO, said “The slowdown in overall registrations in August seems to be partly due to prevailing uncertainties in this pre-Brexit period. Nonetheless, it is encouraging to see growth coming through in the affordable and rental sector.”

The number of new homes to be built for those in the affordable and rental sector in the UK continues to rise significantly but these gains have failed to offset the decline in the private sector registrations.

3,875 new homes were registered in the affordable and rental sector in August, a 17% increase year-on-year (3,252 in 2018), whilst home registrations in the private sector fell 20% to 8,420 (10,460 in 2018).

With the Brexit deadline looming and the prospect of a general election before the end of the year housebuilders will have to work hard to keep their sales rates up in the face of a potential “wait and see” mindset from customers.