Home Commercial Property Number of new home builds jumps to nine year high

Number of new home builds jumps to nine year high

by LLP Reporter
18th Jun 19 2:20 pm

According to figures from Homes England, the number of new home builds has started to climb to a nine-year high.

Between 1 April 2018 and 31 March 2019 45,692 new houses were started on site under programmes managed by Homes England, the highest level of starts for nine years.

Some 40,289 houses in Britain were completed, the highest in four years. 30,563 of the starts were affordable home which is a 10% increase from the previous year.

John Healey, Labour’s shadow housing secretary said, “Deep cuts to investment mean the country is now building 30,000 fewer social rented homes each year than we were when Labour was in government.”

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.”

Leave a Comment

You may also like