Even as the gap between demand and supply of housing widens in England, the number of houses entering the market in 2016-17 financial year went up by 15 per cent, according to latest statistics from the government.
Annual housing supply in England amounted to 217,350 net additional dwellings in 2016-17, up 15 per cent on 2015-16. The 217,350 net additions in 2016-17 resulted from 183,570 new build homes, 37,190 gains from change of use between non-domestic and residential, 5,680 from conversions between houses and flats and 720 other gains (caravans, house boats etc.), offset by 9,820 demolitions, statistics from the Department for Communities and Local Government, show.
Responding to the stats, Stewart Baseley, executive chairman of the Home Builders Federation said; “The housing crisis built up over several decades and will take many years to fix. Today’s statistics illustrate the huge progress being made, and the rapid rate at which builders have responded to positive measures from Government to deliver more and more new homes. It is no coincidence that since reform of the planning system in 2012 and the introduction of the phenomenally successful Help to Buy scheme in 2013, housing supply has increase by a massive 74%.”
The house builders are coming with innovative plans to meet the growing demand for quality housing in England, especially in London. These figures show that the momentum continues to grow.
This Statistical Release presents National Statistics on net additional dwellings in England up to 2016-17. The figures show the net change in dwelling stock in England between 1st April and 31st March the following year.