Quarterly House Building Stats Out Today from MHCLG – COMMENT from Michael Stone, CEO of new build specialists, Stone Real Estate

October 3, 2019
new build homes essex uk

The Ministry of Housing Communities and Local Government this morning released its latest data on new house building completions and starts to June 2019 (England).

See https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/835887/House_Building_Release_June_2019.pdf

The upshot is that they are broadly positive, particularly completions, at 45,190 homes built in the April to June period, UP 4% on the last quarter and UP 11% year on year. Housing Association completons are considerably higher at 20% stronger year on year!

However, housing starts are down and we wonder if this bodes badly for the next quarter’s figures?

In any case, Michael Stone, Founder and CEO of Stone Real Estate, the specialist new homes estate agent has this comment for you:

“On the surface, these latest numbers are extremely encouraging and tell a positive story in so far as overall new homes supply with house builders delivering on 11% more than a year ago. This is no mean feat given current political headwinds and economic uncertainty and is surely testimony to our teflon-like aspirations as a property owning nation.

In particular, affordable homes have seen a big spike in completions and this has to be warmly welcomed given that this is where the biggest deficit in housing provision lies. 

However, celebrations at solving the bottle-neck of housing supply will be short-lived if the downturn in ‘starts’ is not reversed in the next set of numbers. These latest MHCLG numbers point to a reduction in dwellings started of 2% quarterly and 8% year on year. This is no seasonal blip and our house-builder friends and local authorities alike will need to work hard to dig-down, literally, in order to ensure that the positive trend in housing supply continues to come close to meeting demand”.  

Properganda PR

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

You May Also Enjoy

Breaking News

Renters urged to understand their new rights before major law change

With just one week until the first phase of the Renters’ Rights Act comes into effect, renters across England are being urged to understand how the changes will affect their rights, tenancies and day-to-day renting experience. From 1 May 2026, the new legislation will introduce wide-ranging reforms designed to provide greater stability, clearer rights, and…
Read More →
Adding second coat of varnish floor boards
Home and Living

The Foundation of Your Home: Why Your Subfloor Dictates Your Flooring Destiny

In the field of residential and commercial renovation, the aesthetic selection of a floor covering—be it the grain of a hardwood plank, the texture of a stone tile, or the finish of a luxury vinyl—often commands the most attention. However, from a technical perspective, the long-term performance and durability of these materials are entirely dependent…
Read More →
Breaking News

Almost £1.4m difference in property prices between the start and finish lines of London Marathon

The latest property market analysis from London’s number one lettings and sales estate agency brand, Foxtons, has revealed that there’s a difference of almost £1.4m in the average sold price from the starting point of the London Marathon and the finish line. As London’s largest estate agent, Foxtons holds an unrivalled view of the London…
Read More →
Rightmove logo
Breaking News

Demand drops year-on-year for commercial property from high base

Three out of four of the main commercial property sectors saw a yearly decline in demand both in terms of leasing and investment in the first quarter of the year, amid speculation about interest rate hikes following the start of the war in Iran. According to Rightmove’s Commercial Insights Tracker for Q1 2026, the office…
Read More →
Breaking News

Property market is improving

Property market is improving, but more sellers are cutting prices and withdrawing from the market The latest market data analysis from House Buyer Bureau has found that whilst the property market is showing signs of improvement, more sellers are still being forced to cut their asking price, endure a failed sale, or withdraw from the…
Read More →
Letting Agent Talk

How much to live along the London Marathon Route

Local lettings and estate agency, Kinleigh, Folkard & Hayward, reveal the costs to live along the iconic route – from the start in Blackheath to Greenwich all the way to Tower Bridge Sunday 26th April sees the iconic London marathon – the world’s biggest annual one-day fundraising event – return to the streets of London.…
Read More →