New home completions fell by 7% annually in 2024, says industry body The number of new home builds completed last year was 7% lower than in 2023, according to figures from an industry body.
New home warranty and insurance provider the National House Building Council (NHBC) recorded 124,144 new home completions last year, marking a 7% fall compared with 133,611 in 2023.
According to its figures, 104,232 new homes were registered in 2024 to be built, a figure which was broadly unchanged compared with 2023, when there were 105,071 registrations for homes to be built.
Looking at the different property types in the pipeline, there was annual growth in detached and semi-detached home registrations in 2024, while registrations of apartments, bungalows and terraced properties experienced a decline, compared with 2023.
In the rental and affordable sector, the cost of remediating existing housing stock constrained development budgets, the NHBC said, with registrations falling by 18% in 2024 to reach 35,245.
