Number of New UK Homes is Rising

The total number of new homes that were completed from the period of 1^st April to 30^th September 2018 in England rose by 31 per cent, which totalled 15,704 when compared to the first half of 2017 to 2018, according to new data from Homes England.

The new homes that were started on-site during the 1^st April to 30^th September 2018 totalled 15,766, which is a 15 per cent increase from the number that was started during the first half of 2017 to 2018.

New affordable homes made up 63 per cent of the total of new homes that were started, which totalled 9,909 homes during the period 1^st April to 30^th September in 2018. This figure is a 42 per cent increase when compared to the first half of 2017 to 2018, according to the recent Homes England data.

Affordable homes made up 71 per cent of all of the newly completed homes during 1^st April to 30^th September 2018, which amounted to 11,091 homes. This is a 19 per cent increase in the number of completed affordable homes recorded from the first half of 2017 to 2018.

During the first six months of 2018, 5,857 new homes for market sale were started, which represented a 13 per cent decrease when compared to the first half of 2017 to 2018. However, the number of market sale homes which were completed during this period increased 69 per cent, totalling 4,613 when compared to just 2,737 the previous year.

Out of the total new affordable homes that were started in the period of 1^st April to 30^th September 2018, 5,714 were for Affordable Rent. This figure increased by 10 per cent compared to the 4,526 that was started the previous year, according to recent data.

There were 3,702 new homes started that were classed as Intermediate Affordable Housing schemes, which included Shared Ownership and Rent to Buy, which increased by 71 per cent compared to the previous year, according to the recent Homes England data.

A total of 493 Social Rent affordable homes were started from 1^st April to 30^th September this year, which increased 68 per cent compared to the 294 homes which were started during the first half of 2017 to 2018 according to the recent data.

Of the total number of new affordable homes that were completed during 1^st April to 30^th September 2018, 7,943 were for Affordable Rent, which increased by 10 per cent compared to the previous year which was 7,219. There were 2,841 new homes completed for Intermediate Affordable Housing schemes which increased by 50 per cent compared to the previous year when only 1,900 of these homes were completed. according to the recent  Homes England data.

There were 307 affordable homes for Social Rent completed between April to September this year, which increased by 76 per cent compared to the first six months of last year.

The overall numbers of new homes that were completed and newly started have increased in England. Nick Walkley, chief executive of Homes England commented: “These latest figures show the overall number of homes being built continues to rise, reflecting the hard work being carried out by the housing industry to build better homes faster.

“However, while this is encouraging to see, we cannot be complacent. We know there is more work to be done to meet the Government’s ambition to deliver 300,000 new homes a year, so we will continue to intervene in the housing market and use our land, powers and influence to make homes happen.”