The UK housing market continues to remain vibrant and it is reflected from the number of new build homes, which has reached a record level in England.
The latest housebuilding data released by the Department for Communities and Local Government shows that 164,960 new homes were started in the year to June 2017, up 13 per cent on the previous year. This is the highest level of new build homes registered since 2008 in England.
In a statement, Housing and Planning Minister Alok Sharma said, “Building more homes is an absolute priority for this government. Today’s figures are proof that we are getting Britain building again, with new housing starts reaching record levels since 2009.”
The figures demonstrate robust growth in housebuilding right across the country, with Gloucestershire, South Derbyshire and South Norfolk amongst the strongest areas in delivering elevated levels of starts.
On a quarterly basis, new build dwelling starts in England were estimated at 41,180 (seasonally adjusted) in the latest quarter, a 3 per cent decrease compared to the previous 3 months and 10 per cent increase on a year earlier. Completions were estimated at 40,310 (seasonally adjusted), 2 per cent higher than the previous quarter and 15 per cent higher than a year ago.
At Autumn Statement, an additional £1.4 billion investment was announced for the government’s affordable housing programme, increasing the total budget to £7.1 billion. Since 2010, almost 333,000 affordable homes have been delivered, including 240,000 affordable homes for rent.
Housing and Planning Minister Alok Sharma said: It’s vital we maintain this momentum to deliver more quality homes in the places that people want to live. Our housing white paper set out an ambitious package of long-term reforms to do just that.