Housing starts hit nine-year high

Latest News Thu, Feb 23, 2017 5:31 PM

The number of new build homes that have started to be built continued to rise last year to the highest level since 2007, new figures show.

The latest house building data shows that 153,370 new homes were started in the year to December, up 5% on the previous year.

More than 140,500 homes were completed in the year to December 2016.

Meanwhile, figures from the Council of Mortgage Lenders show first-time buyer lending totalled 338,900 loans in 2016, up 8% on last year.

Housing and Planning Minister Gavin Barwell said: "We’ve got the country building again with the highest number of housing starts for 9 years. However, we know there’s more to be done to build more homes in the places that people want to live.

"Our housing white paper sets out an ambitious set of proposals to deliver more land, speed up build out, diversify the housing market, and support people who need help now."

The figures also show strong growth across the country with Islington and Manchester experiencing high levels of starts in the year to December 2016, with an annual increase of 296% and 323% respectively.

Reforms in the recently published housing white paper set out the government’s bold new plans to fix the broken housing market and build more homes across England.

The four key aspects of the paper set out new measures to ensure the housing market works for everyone, and help local authorities, developers and SME builders get building.

Building more homes is an absolute priority, which is why the government plans to invest £25 billion in housing over the Spending Review.

A total of £1.4 billion of funding has been released for Affordable Housing, and restrictions on funding have been relaxed so providers can build a range of homes including for Affordable Rent and Rent to Buy which help people save for a deposit before they buy.

Featured News

Specification news
Construction project management contributes £33...

A new report by the Association for Project Management (APM), the chartered...

Read More >>

Specification news
Keepmoat joins forces with BCU to explore energy use in...

Top 10 housebuilder, Keepmoat has partnered with Birmingham City University’s...

Read More >>

BUILDING PRODUCT LIBRARY - LATEST BROCHURES

FRAMESAFE FR A2 FIRE RATED EXTERNAL WALL BREATHER MEMBRANE  Brochure

FRAMESAFE FR A2 FIRE...
By Glidevale Protect

Download Now >>

A Guide to Aluminium Fencing Brochure

A Guide to Aluminium...
By F.H. Brundle

Download Now >>

Handrailing & Balustrade Systems Brochure

Handrailing & Balust...
By F.H. Brundle

Download Now >>

RLG600 Access Flooring System Brochure

RLG600 Access Floori...
By Kingspan Data & Floo...

Download Now >>

BUILDING PRODUCT DIRECTORY - LATEST PRODUCTS

Straightcurve®
Straightcurve®

Straightcurve® – headquartered in Australia, is renowned for high-end innovative garden edging,...

Read More >>

RLG600 Access Flooring System
RLG600 Access Flooring System

The Kingspan RLG600 raised access floor panel is intended for light office use and is capable of...

Read More >>

RHG600 Simploc
RHG600 Simploc

Kingspan RHG600 Simploc is the heavy grade floor system, capable of handling up to a 12kN/m2...

Read More >>

CONSTRUCTION VIDEOS - LATEST VIDEOS

Straightcurve® Product Range Overview - A Demonstration of Installation Ease
Straightcurve® Product Range Overview - A Demonstration of Installation Ease

Straightcurve® Product Range Overview - A Demonstration of Installation Ease

Watch Now >>

Forma aluminium column casings for Winchester College
Forma aluminium column casings for Winchester College

In progressive and dynamic business sectors, such as construction, it’s natural to be forward...

Watch Now >>

Decorative metal bulkheads & column casings for Tesco Extra, Birmingham
Decorative metal bulkheads & column casings for Tesco Extra, Birmingham

Decorative aluminium horizontal bulkheads more than 100 metres long have been supplied and installed...

Watch Now >>