Some 5,375 new homes were acquired in England using the first phase of the government's flagship Help to Buy scheme, with 92% of these new-build homes sold to first-time buyers, fresh figures from the Department for Communities and Local Government (DCLG) show.
Stage one of Help to Buy, which was launched in April of this year, was designed to assist those buying new-build homes with a shared equity loan.
The figures released by the DCLG reveal that the average price of a new build home purchased under the Help to Buyscheme was £194,167, with an average equity loan of £38,703.
The report also shows that the highest number of Help to Buy sales were recorded in Leeds, Wiltshire, Milton Keynes and Reading.
Stewart Baseley, executive chairman of the HBF, said: "Help to Buy is increasing demand for new homes and the industry is responding. People's inability to buy in recent years has been the biggest constraint on the industry's efforts to build more homes. If people can buy, builders will build."
Housebuilders have indeed responded to greater demand for new homes by increasing housing supply.
Official figures show that there were 28,580 new homes started by private housebuilders in England in the July, August and September quarter this year - up 29% on the same corresponding period in 2012. It is the highest number of new homes started in a quarter since Q1 2008.
Pete Redfern, chief executive of Taylor Wimpey, said: "It [Help to Buy] enables us to build more homes on the sites we have already got open, and also gives us more confidence about investing in future sites and infrastructure which creates more jobs and economic activity locally."