Latest News Tue, Jun 11, 2024 6:38 AM
The latest Housing Pipeline Report from the Home Builders Federation, containing data supplied by Glenigan, shows that in the 12 months to March 2024, the number of new homes and sites given planning permission has continued to plummet.
The year to March 2024 saw the fewest new housing sites consented than during any 12-month period since the data collection began in 2006, showing that the housing pipeline is significantly smaller now than it was even during the aftermath of the Global Financial Crisis.
Planning permissions are a lead indicator of future supply levels, and the latest numbers confirm industry warnings about the impacts of changes to the planning system and the ongoing lack of support for hard-pressed first-time buyers.
The figures also illustrate the stark challenge a new Government faces to increase housing supply in the coming years highlighting the need for ministers to work closely with the industry to fix the planning system, provide effective assistance to prospective first-time buyers and unblock the estimated 160,000 new homes still unnecessarily held up by a Government quango’s nutrient neutrality rules.
The report, which includes data for the beginning of 2024, shows:
Last week HBF published its Blueprint for how the next Government could deliver the homes the country desperately needs. These included;
Stewart Baseley, Executive Chairman at the Home Builders Federation said: “Amidst a deepening housing crisis and with house building levels already falling sharply, these numbers present a bleak picture for future housing supply.
“The report also puts into stark perspective the challenges a new Government faces to meet its housing ambitions with a pipeline smaller even than during smaller even than during 2009 and the depths of recession.
“Reversing the trend will require immediate and drastic action to remove the significant barriers to housing delivery we face.
“We need to see immediate action to reverse the damaging changes made in recent years to the planning system and to ensure local authorities have the capacity to deal effectively with permissions.
“We also need to see effective support put in place to help buyers purchase high quality, energy efficient new homes. For the first time in many decades, there is no effective Government support in place for prospective buyers.
“It is also essential that politicians find a solution to the pointless blockade of 160k homes now entering its 6th year as a result of nutrient neutrality, towards which new homes make a negligible contribution.
”The next government must grasp the nettle and be bold and brave if it is going to help meet the country’s housing needs. Doing so will deliver huge social and economic benefits and the industry stands ready to deliver.”
Alongside the Government’s planning proposals, the ongoing failure of politicians to find a solution to the disproportionate ban on new housing by Government quango Natural England’s that is holding up 160,000 homes across swathes of the country is also continuing to impact development.
This is despite the clear evidence that new homes are a minimal contributor to the nutrient levels in rivers. with research published by Brookbanks showing that the occupants of new homes account for just 0.29% of total nitrogen emissions each year.
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