Chancellor’s promise to build 300,000 new homes a year is on shaky foundations

first_imgFigures just published by the Department of Communities and Local Government (DCLG) reveal that the number of new homes built in England between July and September dropped by 4%, and by 1% year-on-year.The number of new homes started totalled 40,070 during the quarter, and 166,100 year-on-year, although the figures for completions were marginally better, up 2% to 39,250 on a quarterly basis and by 5% on an annual one.But the figures, which include both local authority and private new builds, reveal that the most marked downturn took place in the private market where quarterly starts were down by 6% compared to the previous quarter, and completions down by 2%.The figures also reveal how much the UK is becoming a nation of house dwellers, despite many governments’ attempts to build more ‘high density’ housing.New homesJust after the Millennium flats made up 25% of all new builds and, despite rising to 50% during the mid-noughties, has slumped back to 25% again.Earlier this month Housing minister Alok Sharma (pictured, left) revealed a £25 million fund to help “ambitious local authorities and third sector organisations in areas of high housing plan for new homes and infrastructure”.“Locally-led developments have enormous potential to deliver the scale and quality of housing growth that we need,” he said.“By supporting our local authorities, we will be able to unlock more homes where people want to live.”Read more: 80% of buyer unimpressed by new homes.newbuild starts newbuild completions new homes house building Alok Sharma December 19, 2017Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Housing Market » Chancellor’s promise to build 300,000 new homes a year is on shaky foundations previous nextLand & New HomesChancellor’s promise to build 300,000 new homes a year is on shaky foundationsThe number of private-sector built new homes dropped by 6% over the past quarter, the Government’s own figures reveal.Nigel Lewis19th December 20170751 Viewslast_img

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