Housing delivery up with a 24% increase in affordable homes

The latest data from Homes England shows that between April and September of this year there were: –

  • 16,955 housing starts and 14,792 completions delivered by schemes managed by Homes England (Excluding London).
  • Starts are at their highest for 10 years, however completions have dropped year on year although they remain at their second highest levels since 2011.
  • 73% of starts were for affordable homes, up 24% year on year.
  • 10,295 completions were delivered as affordable homes, 70% of the total. Although this is a reduction of 7% year on year.

Please find comment below from new home specialists, Stone Real Estate.

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

“Good news on the face of it with a commendable number of homes being delivered, with the majority of these being affordable.

While the devil in the detail is a slight drop in completions, the level of homes being delivered is still some of the highest in the last 10 years.

Wider market trends suggest that with such a positive uplift in the number of homes started, the knock-on effect will be yet a further increase in the level of homes being delivered early next year, despite who takes the keys to number 10.”

Properganda PR

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

You May Also Enjoy