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 0.74 %
Data 2019 Q2 469.38
2019 Q1 465.92

Series Information

Source Nationwide Building Society
Release Nationwide House Price Index Regional
Frequency Quarterly
Start Date 3/31/1983
End Date 6/30/2019

United Kingdom: Real Estate

Reference Last Previous Units Frequency
House Price Index Aug 2019 429.21 429.13 1993Q1=100, SA Monthly
House Price Value Aug 2019 216,095 217,662 GBP, NSA Monthly
House Price Index for Existing Homes 2019 Q2 431.19 425.82 1993Q1=100, NSA Quarterly
House Price Index for New Homes 2019 Q2 469.38 465.92 1993Q1=100, NSA Quarterly
House Price Value for Existing Homes 2019 Q2 251,682 248,546 GBP, NSA Quarterly
House Price Value for New Homes 2019 Q2 184,972 183,611 GBP, NSA Quarterly
Building Completions 2018 Q4 57,080 47,220 #, NSA Quarterly
Housing Starts 2018 Q4 45,240 54,840 #, NSA Quarterly
Residential Building Completions 2018 Q4 57,080 47,220 #, NSA Quarterly
Vacancy 2017 22,850 22,635 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/