The number of new homes being built in England is on the rise.
Figures from the construction industry show growth in output in the first quarter of 2015. New Homes output is expected to grow this year given the need to drive up the number of new private and social dwellings desperately needed.
Last year the total number of new homes starts was 137,300, 42% short of the target published on 2nd June 2015 by the House of Commons Library in Briefing Paper, Planning for Housing, which states 220,000 new homes will be required each year up to 2022 to meet the growing need for homes.
Statistics released within the Housing Statistical Release by the Department for Communities and Local Government on the 21st May 2015 for the March Quarter show that there have been 40,300 new homes starts within the quarter.
This is a 31% increase compared to the previous quarter, and an 11% increase on the same quarter last year. This last quarter shows the highest number of new homes starts since 2007, showing that the momentum for building more new homes is England gathering.
Formal extension of the Help-to-Buy Equity Loan scheme – to 2020 – is anticipated, this is helping to drive confidence that when the houses are built there will be an active audience willing and able to buy them.
So whilst there have been improvements in planning policy over recent months to encourage the number of planning permission applications being granted, clearly more needs to be done to meet the growing housing needs of our Country.
If you have land to sell that you think might be suitable for development please contact Katherine Gray, Land Manager on 01252 762007 or firstname.lastname@example.org to arrange a consultation and valuation.
If you are a developer looking for an agent to help sell your new homes contact Managing Director and Land & New Homes Expert Ed Mackenzie Smith on 01252 762001 email@example.com.