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25/02/2016

Housing starts at seven-year high

Words: Laura Edgar

More than 143,500 new build homes were started up to December 2015, according to figures released by the government.

That’s a rise of 23 per cent on the same quarter in 2014, said the government, and a rise of 91 per cent compared with the year to June 2009.

The government also announced that planning permissions this year are up 12 per cent on the same quarter in 2015.

Communities secretary Greg Clark said: “The figures show how our reforms to the planning system are delivering the permissions needed and schemes like Help to Buy have given builders the confidence to invest and build, with starts and completions now at their highest since 2008.”

Housing minister Brandon Lewis added that the government is not complacent, highlighting the government’s “ambitious housing vision for more than a generation, doubling the housing budget so we can meet our ambition of delivering a million new homes”.

The figures also suggest that the number of new build homes completed by private house builders has risen 20 per cent in comparison with the previous year. Completions by housing associations increased by 27 per cent over the same period. Cambridgeshire, Northamptonshire and Leicestershire experienced a high level of starts, said the government.

House Building: December quarter 2015, England can be found here.

Image credit | Shuttershock

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