Comment from shelter on annual house building figures

Shelter comment on annual housing supply figures (2016/17) released yesterday 16th November 2017

  • There were 217,350 additional dwellings between 2016/2017, and increase of 15% on last year. (DCLG)
  • However, according to government statistics out last week, the total number of affordable homes built in England last year was 41,530, well below the average over the past ten years. This means that only 19% of new properties announced today are classed as affordable. (DCLG)
  • The biggest changes in supply were seen via conversions (splitting homes to make more units) and change of use (conversions from offices to flats for example), at 19% and 22% respectively. Worryingly, these dwellings have no quality assurance or affordable housing obligation.
  • Shelter say we need to build at least 250,000 new homes a year, 125,000 of which should be genuinely affordable. Affordable homes should take up no more than 1/3 of local people’s income.

Polly Neate, chief executive at Shelter, said: “It’s good to see the Prime Minister shedding light on housebuilding and new statistics showing some increase in new homes, however the numbers are still well short of the government’s own targets and we should be crystal clear that not even a fifth of these are affordable.

“With hundreds of thousands of people homeless this Christmas and those in need of affordable homes going up all the time, owing to a crippling combination of soaring rents and welfare cuts, these numbers fall woefully short.

“If the government is serious about tackling our housing crisis and helping the millions of families on lower incomes in the upcoming budget then sticking plasters will not be enough – it must urgently prioritise building homes which are genuinely affordable for ordinary people to rent or buy.”

Source of information Shelter.

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Commercial Agent Talk

Building Site Accidents and Compensation: A Guide for Injured Workers

One mistake, one faulty piece of equipment and an unsafe working setup could cause a construction laborer much more than just aches and pains. One injury can result in medical costs, showing up on working days, reduced income and a path to long recovery. Under certain circumstances, the workers may be entitled to get compensation…
Read More
Estate Agent Talk

First-Time Buyers: Why 4–5 Houses is the Sweet Spot

House hunting before the stress kicks in: Four to five houses is the sweet spot for first-time buyers Just 20% of us feel excited on a first property viewing, rising to 47% by viewings 4 to 5 There’s a U shape trajectory of excitement when it comes to the viewing process However, there is a…
Read More
Breaking News

Two in five mortgage holders switched banks for a better mortgage deal

Of those who have a mortgage and switched banks, 41% did so to get a better mortgage rate deal and 30% did it to receive an incentive related to their mortgage Only 15% of people moving home switched their bank account during the move, while far more switched broadband (46%), energy (38%), and mobile phones…
Read More
Breaking News

Housing market trends highlight a changing landscape

The housing market has seen many challenges across the year to date and, in many ways, the property landscape has been a year of two extremes already.   At the start of the year, there was a quiet but optimistic consumer confidence in the air.   However, with the global economy impacting almost every aspect…
Read More
Breaking News

Breaking Property News 7/9/26

Daily bite-sized proptech and property news in partnership with Proptech-X.     Privera uses Silex to provide its employees with a shared platform for source-based research Silex, the Swiss AI platform for legal research and productivity, today announced that Privera has selected and deployed Silex to support legal research and knowledge workflows across its nationwide real estate…
Read More
Breaking News

Mortgage rate rises loom as major lenders reprice

Major lenders have moved to increase mortgage rates to catch up with recent rises to swap rates, according to Moneyfactscompare.co.uk analysis.   Over the coming days, more lenders are expected to review mortgage rates in response to higher swap rates, with HSBC and NatWest so far the biggest banks to increase rates since the start…
Read More