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24/06/2019

Homes England completes 40,000 homes in past year

Words: Laura Edgar
New housing / Shutterstock_509223637

Homes England, the government’s housing accelerator, completed 40,289 houses between April 2018 and March 2019.

During that same period, 45,692 homes were started on site under programmes managed by Homes England.

According to the organisation, these are the highest levels of completions for fours years and the highest levels of starts for nine years.

Of the starts, 67 per cent (30,563) were for affordable homes. This is 10 per cent up on the affordable home starts between April 2017 and March 2018. This includes 17,772 homes for affordable rent, 11,560 under schemes such as shared ownership and rent to buy, and 1,231 for social rent.

There were 28,710 affordable housing completions last year, which accounts for 71 per cent of all completions, and is an 11 per cent increase compared with a year earlier. This comprises 18,895 for affordable rent; and 8,854 under schemes including shared ownership and rent to buy.

Nick Walkley, chief executive of Homes England, said: “At a time where the average house costs around eight times the average income, these are positive signs that the delivery of homes, and particularly affordable homes, is on the up.

“However, there is still a huge amount of work to do to make sure this trend continues. We’re just getting started and need the sector to join us in our mission to make sure we continue to deliver homes across the country for the people who need them the most.”

Housing minister Kit Malthouse added: “It’s great to see our housing accelerator has its foot firmly on the gas with nearly 29,000 new affordable homes finished last year. Getting these properties built is all part of our cast-iron commitment to making sure everyone has the opportunity to realise the dream of a stable home.

“But there is more to do, and so this government is providing serious support, including £44 billion of funding and guarantees, to build more, better, faster.”

The statistics can be found here on the Homes England website.

Image credit | Shutterstock

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