New housing starts reach record levels since 2009
Recent announcement on GOV.UK from Department for Communities and Local Government and Alok Sharma MP headlines ‘Housebuilding soars to highest levels in almost a decade.’
The number of new build homes that have started to be built has surged to the highest level since 2008, as shown by figures released 24 August 2017.
The latest housebuilding data shows that 164,960 new homes were started in the year to June 2017, up 13% on the previous year, and have increased by more than three-quarters since the low in 2009. More than 153,000 new homes have been completed during the same period, showing an increase of 11% compared with the year before.
Housing and Planning Minister Alok Sharma said:
“Building more homes is an absolute priority for this government. Today’s figures are proof that we are getting Britain building again, with new housing starts reaching record levels since 2009.
“It’s vital we maintain this momentum to deliver more quality homes in the places that people want to live. Our housing white paper set out an ambitious package of long-term reforms to do just that”.
Read the announcement 24th August in full click here.
You May Also Enjoy
Housing Ombudsman’s report demonstrates necessity of vibrant and growing private rental sector
Inheritance Tax Receipts raise £1.5 billion in two months
Propertymark Responds to Boiler Scheme Consultation
Industry Reaction to Bank of England’s decision to hold interest rates at 4.25%
Rents Climb as High as 17.4%
