New housing starts reach record levels since 2009

August 30, 2017

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.

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.

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