Increase in number of housing starts

November 30, 2016

Housing starts on site and housing completions delivered by the Homes and Communities Agency in England, part of Housing Statistics published yesterday.

In the period 1 April to 30 September 2016 (the first half of 2016-17):

A total of 14,007 homes started on site, representing an increase of 2,657 or 23 per cent compared to the 11,350 reported for the same period in the previous year (the first half of 2015-16).

9,400 homes started were for affordable housing, representing an increase of 2,029 or 28 per cent compared to the 7,371 reported for the first half of 2015-16.

The majority (7,250 or 77per cent) of starts on site for affordable housing were for Affordable Rent, reflecting allocations made under the AHP 2015-18 where Affordable Rent is the main product funded. This is an increase of 1,392 or 24 per cent compared to 5,858 delivered in the first half of 2015-16. Intermediate Affordable Housing accounted for a further 1,823 (19per cent) of affordable homes started onsite. This is an increase of 509 or 39 per cent compared to 1,314 delivered in the first half of 2015-16. Social Rent accounted for the remaining 327 affordable homes started (3 per cent). This is an increase of 128 or 64 per cent compared to 199 started in the first half of 2015-16.

Read the publication in full on Gov.UK website click here

 

EAN Content

Content shared by this account is either news shared free by third parties or sponsored (paid for) content from third parties. Please be advised that links to third party websites are not endorsed by Estate Agent Networking - Please do your own research before committing to any third party business promoted on our website.

You May Also Enjoy

Estate Agent Talk

Real Estate Lawyers: Who They Are and What They Do?

When you want to purchase or sell a property, the best course of action would be to seek help from professionals. Real estate transactions usually involve huge sums of cash, so the legal protocols are there to ensure your security and prevent you from falling victim to fraud. Hiring a real estate attorney is essential,…
Read More →
Breaking News

Weekly News Roundup – 03/05/24

A roundup of the week’s top property and proptech news stories in partnership with Proptech-X   Table of Contents Is Zoopla holding back the housing market? Will Yardi’s multi-million gamble on WeWork the former £37Bn Unicorn pay off? Nimbus report gives oversight on retail market post Covid   Is Zoopla holding back the housing market?…
Read More →
Love or Hate Rightmove
Breaking News

Rightmove’s weekly mortgage tracker – 02/05/24

Matt Smith, Rightmove’s mortgage expert said: “Next week’s Bank of England meeting will be quite key for setting the tone for mortgage rates leading into summer. An uneasy few weeks for the world economy has meant that there is still a lot of uncertainty around when we might see the first interest rate cut – and…
Read More →
Estate Agent Talk

Powering Up Your Brokerage: How Real Estate Apps are Transforming the Industry

The real estate industry once literally hand-to-hand with traditional printed flyers and face-to-face meetings became digital-friendly after the revolution of technology. Among the key drivers of this transformation is the real estate app through which brokerages redefine the role they perform and the way they interact with clients. Streamlined Workflows and Increased Efficiency Gone are…
Read More →
Breaking News

Breaking Property News – 02/05/24

Daily bite-sized proptech and property news in partnership with Proptech-X. Is Zoopla holding back the housing market? Maybe it is me! and definitely me and my dog Zara do not think like most people, but – each month in the UK just 100,000 properties complete (exchange) and in the past decade this has been the…
Read More →
Breaking News

Breaking Property News – 01/05/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Fine & Country relaunches Masterclass Series for 2024 to support network in winning more business Set to take place in both London and Huddersfield, Fine & Country will be hosting informative and engaging Masterclass sessions again this year, sharing insight from property experts on…
Read More →