This paper proposes a novel video error concealment method for the reconstruction of all unknown regions in frames. The proposed method first performs temporal error concealment (TEC) sequentially in forward direction with the propagation of source information for the unknown regions of frames in group-of-frames (GOF). Then, it performs the TEC sequentially in backward direction for the remaining unknown regions in the GOF. For the reconstruction of unknown regions in each target frame in forward and backward TEC stages, we propose an adaptive homography-based registration of the reference frame. The proposed method selects adaptively global or local homography-based registration for the reconstruction of each unknown region. After the backward direction, the TEC is performed in each frame and the spatial error concealment is applied to reconstruct completely the remaining unknown regions with relatively small sizes. The experimental results show that the proposed method gives significantly improved objective and subjective video quality compared with the traditional reconstruction methods. The proposed method also gives comparably good reconstruction results for large size unknown regions and is feasible for practical real-time applications.