New build figures at their best since Enya & Kylie topped the charts but worrying devil in the ‘home start’ detail

November 1, 2019
new build homes essex uk

The latest figures on new build housing data have just been released by the ONS showing the number of new build homes to be started and completed across England.

The latest data shows that: –

  • Between April and June 2019 there were 38,020 dwellings started.
  • During the same time frame, there were 46,960 dwellings completed.
  • The number of homes being started is down 1.7% quarterly and 10.5% annually!
  • Completions are up 16.8% quarterly and 10.8% annually, their second-highest rate since Q4 2007.

Founder and CEO of Stone Real Estate, Michael Stone, commented:

“The latest figures are certainly cause for some short term celebration and demonstrate we are finally starting to build more homes. Not only is this the highest level of new homes since 2007, but we haven’t seen a quarterly performance during this time of year since Enya and Kylie were topping the charts in the late 80s.

However, the devil, as always, is in the detail, and when you dig into the data there are reasons to be concerned. While completions are up notably, the number of new homes being started has declined to its weakest level since 2013.

This well may be symptomatic of a diminishing pipeline of appetite by developers given the political climate and falling house prices in the capital in particular. However, regardless of our political position, the appetite for homeownership remains, and so we have no time to rest on our laurels where current performance is concerned and must act now to reverse the negative trends developing in terms of new homes being started.”

Properganda PR

National and local media coverage for property businesses. Journo quotes delivered in minutes.

You May Also Enjoy

Breaking News

Freehold and Leasehold Reform Act-lessees can control their own destiny

Matthew Pennycock, Minister of State for Housing and Planning, has made a Parliamentary Statement regarding the future progress of the Freehold and Leasehold Reform Act 2024. The Government have formally recognised the “significant complexity of the task” and that the legislation was rushed in at the end of the last parliament and as a result…
Read More →
Rightmove logo
Breaking News

Rightmove’s weekly mortgage tracker 22/11/24

The current average asking price of a typical first-time buyer property is £225,340. For someone taking out an average five-year fixed, 85% LTV mortgage, the average monthly mortgage repayment on this type of home is now £1,104 per month if repaying over 25 years, compared with £1,138 per month a year ago (when the average first-time buyer property asking price was…
Read More →
Estate Agent Talk

The Architecture Of Attention Behind Social Media Addiction

In the digital age, social media platforms have revolutionized how we connect, share, and consume information. Behind their sleek interfaces lies a sophisticated architecture of persuasive technology.  These platforms employ intricate design patterns and technical elements to capture and hold user attention. From subtle visual cues to complex algorithmic systems, every feature serves a calculated…
Read More →
Breaking News

2025 Predictions for the Private Rental Sector

Allison Thompson, National Lettings Managing Director, Leaders Romans Group (LRG) “As we approach 2025, the lettings industry is entering a phase marked by stabilisation and opportunity. Rental inflation has slowed to an average of 3-4% for new lets, reflecting the effects of affordability constraints; renters’ budgets are beginning to limit how much rents can rise.…
Read More →
Breaking News

Response to Matthew Pennycook’s Statement on Leasehold Reform

Yesterday, Secretary of State Matthew Pennycook made a Ministerial Statement on the future of leasehold reform. Responding, Mark Chick, director of ALEP and a Partner at Bishop & Sewell LLP said: ALEP welcomes the ministerial statement which puts in place a timeframe and some objectives for the implementation of the Leasehold & Freehold Reform Act.…
Read More →
Estate Agent Talk

Essential Garage Storage Solutions for Small Spaces

Maximize your garage space with practical storage ideas that keep your items organized and accessible. If you’re dealing with a smaller garage, smart solutions can make a big difference in keeping your space neat and usable. 1.  Wall-Mounted Storage Wall-mounted storage is an excellent way to save space and keep your garage organized, especially in…
Read More →