Comment from shelter on annual house building figures

November 17, 2017

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

Letting Agent Talk

Letting Agency Owners: Are You the Bottleneck in Your Business?

As a letting agency owner, it’s easy to fall into the trap of wearing too many hats. But it’s not just exhaustion and burnout you need to worry about – it’s the impact it’s having on your bottom-line. Guest Blog By Sally Lawson – Agent Rainmaker “From managing client relationships and handling operations, to overseeing…
Read More →
Breaking News

Latest developments in Renters’ Rights Bill: What landlords need to know

On the brink of becoming law, the Government last week rejected the majority of amendments put forward by the House of Lords, which would have mitigated the severity of some of the amendments. Property professionals, landlords and tenants are poised to navigate this once-in-a-generation overhaul of housing legislation.   Lucy Jones, Chief Operating Officer at…
Read More →
Breaking News

What Will Commonhold Mean for Property Managers?

By Robert Poole, Director – Block Management, Glide Property Management, part of LRG The government’s ambition to end leasehold for most residential properties has put commonhold back into the spotlight. First introduced in 2002, commonhold offered a resident-led alternative to traditional leasehold ownership. However, legal and commercial complexity stalled adoption. Two decades later, policymakers are…
Read More →
Breaking News

Think You Know Mortgages? These 5 Myths Could Be Costing You Money

When it comes to mortgages, most of us have had advice from family and friends. The trouble is, a lot of these so-called facts are myths, with many individuals missing out on better deals or opportunities, due to not doing their own due diligence. Emma Graham, Business Development Director at Hodge Bank, explained: “Mortgages are…
Read More →
Breaking News

Just 17% of homes selling for more than £500k

The latest analysis by eXp UK has revealed that while just 17.4% of homes sold across England and Wales so far this year achieved a price of £500,000 or more, agents in London, the South East, and the East of England will face the greatest need to adapt should the Government press ahead with plans…
Read More →
Breaking News

Estate agents back Rachel Reeves’ stamp duty shake-up but call for abolition without replacement tax

The latest research from GetAgent has revealed that the majority of estate agents in England are supportive of Chancellor Rachel Reeves’ plans to overhaul property taxation by scrapping Stamp Duty Land Tax (SDLT). However, 44% argue that the new levy should be focused only on higher-value homes, while 79% favour abolishing SDLT outright without introducing…
Read More →