United Kingdom - House Price Index for New Homes
United Kingdom: House Price Index for New Homes
| Mnemonic | HPIN.IGBR | |
|---|---|---|
| Unit | 1993Q1=100, NSA | |
| Adjustments | Not Seasonally Adjusted | |
| Quarterly | 2 % | |
| Data | 2021 Q1 | 497.92 |
| 2020 Q4 | 488.16 | |
Series Information
| Source | Nationwide Building Society |
| Release | Nationwide House Price Index Regional |
| Frequency | Quarterly |
| Start Date | 3/31/1983 |
| End Date | 3/31/2021 |
United Kingdom: Real Estate
| Reference | Last | Previous | Units | Frequency | |
|---|---|---|---|---|---|
| House Price Index | May 2021 | 483.68 | 474.92 | 1993Q1=100, SA | Monthly |
| House Price Value | May 2021 | 242,831 | 238,830 | GBP, NSA | Monthly |
| House Price Index for Existing Homes | 2021 Q1 | 464.69 | 464.97 | 1993Q1=100, NSA | Quarterly |
| House Price Index for New Homes | 2021 Q1 | 497.92 | 488.16 | 1993Q1=100, NSA | Quarterly |
| House Price Value for Existing Homes | 2021 Q1 | 271,237 | 271,399 | GBP, NSA | Quarterly |
| House Price Value for New Homes | 2021 Q1 | 196,223 | 192,377 | GBP, NSA | Quarterly |
| Building Completions | 2019 Q2 | 55,590 | 48,940 | #, NSA | Quarterly |
| Housing Starts | 2019 Q2 | 49,210 | 48,690 | #, NSA | Quarterly |
| Residential Building Completions | 2019 Q2 | 55,590 | 48,940 | #, NSA | Quarterly |
| Vacancy | 2018 | 23,066 | 22,850 | Thousands | Annual |
| Dwelling Stocks | 31 Mar 2014 | 28,073 | 27,914 | Ths. # | 365 days |
Release Information
This dataset provides information on the regional housing price index for all property types in UK. It tracks the housing prices in the housing market allowing users to track trends over a given reference period of time.
The data is provided by Nationwide Building Society. All house price information is derived using Nationwide mortgage data. This data is extracted for mortgages that are at the approvals stage and after the corresponding valuation report has been completed. Approvals data is used as opposed to mortgage completions since it should give an earlier indication of current trends in prices in the housing market.
Nationwide house price series utilize only owner occupied property information. In addition, properties that are not typical and may distort the series are also removed from the data set. Therefore, following criteria are used to select which properties to include:
- House purchases - remortgages and further advances are excluded
- Owner occupied properties – buy to let properties are excluded
- Properties sold at true market prices - right to buy sales at discounted price are excluded
- Floor size has to be within specified limits for a give type of property - e.g. a detached house has to have at least 400 sq. ft. floor area
Number of cases that are used to calculate the average price for a given period of time depends upon the volume of monthly mortgage activity, hence the monthly sample size varies from month to month.
Data is subject to revisions.
For more information, please follow: http://www.nationwide.co.uk/
