The number of new-build homes purchased under the Help to Buy equity loan scheme reached 14,823 in the ten months since its launch onto the market.
The new total reflects an increase of 1,948 purchases in January.
Properties bought through the government-backed scheme cost an average of £184,000 with the average sum borrowed for the equity loan at £36,599.
The total value of the loans was £600 million with the value of the properties sold totalling £3.01 billion.
First time buyers were the most popular group to use the scheme, accounting for 13,112 of total purchases.
Commenting on the figures, Andy Frankish, new homes director at Mortgage Advice Bureau (MAB), said: “Help to Buy equity loans are clearly doing their job: throwing the doors of the new build market open to first time buyers and pushing builders to up their output rate. The ability to draw on a loan from government leaves aspiring buyers with a much more realistic target to hit when trying to raise a deposit.
“With 85 per cent of loans on properties below £250,000 and activity spread across the country, it’s having the desired effect without stoking house price inflation – in fact, the latest ONS House Price index shows the average price of new dwellings was unchanged in December from twelve months earlier.
“Momentum is clearly building and lenders can help the cause by focusing more products on the new build market – not just equity loans but 95 per cent mortgages too. It is universally accepted that the UK needs more housing and there is no better encouragement for the construction industry than visible demand and affordable products that make owning a new home an achievable goal.”
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