1. Key results
1.1 There were 10,592 housing starts on site and 9,471 housing completions delivered through programmes managed by the Homes and Communities Agency (HCA) in England (excluding London for all programmes except those administered by the HCA on behalf of the Greater London Authority (GLA)) between 1 April and 30 September 2015. The HCA manages the Help to Buy (Equity Loan) scheme in England but the completions are reported by the Department for Communities and Local Government (DCLG) available from the webpage below1 and are, therefore, excluded from this publication.
1.2 The majority (7,572 or 71 per cent) of the housing starts on site in the six months to 30 September 2015 were for affordable homes. This represents a decrease of 20 per cent on the 9,439 affordable homes reported between 1 April and 30 September 2014.
1.3 5,965 affordable homes started in the six months to 30 September 2015 were for Affordable Rent, a decrease of 20 per cent on the same period of 2014-15. A further 1,333 were for Intermediate Affordable Housing schemes, including shared ownership. This is an increase of 6 per cent on the same period of 2014-15. The remaining 274 were for Social Rent, a decrease of 61 per cent on the same period of 2014-15. Of the affordable homes started in the six month period ending 30 September 2015, the Affordable Homes Programme (AHP) 2015-182 accounted for 91 per cent and the Single Land Programme (SLP)3 for 5 per cent.
1.4 6,447 or 68 per cent of housing completions in the first six months of 2015-16 were for affordable homes. This represents a decrease of 39 per cent on the 10,483 affordable homes completed in the first six months of 2014-15.
1.5 4,733 affordable homes completed in the six month period 1 April to 30 September 2015 were for Affordable Rent, a decrease of 36 per cent compared to the same period of 2014-15. A further 1,031 were for Intermediate Affordable Housing schemes, including shared ownership, a decrease of 52 per cent on the same period of 2014-15, and the remaining 683 were for Social Rent, a decrease of 23 per cent on the same period of 2014-15. 1 https://www.gov.uk/government/collections/help-to-buy-equity-loan-and-newbuy-statistics 2 The AHP 2015-18 replaced the AHP 2011-15 with effect from 1 April 2015. The AHP 2011-15 includes the following programmes: Affordable Homes Programme, Empty Homes, Homelessness Change, Mortgage Rescue, Short Form Agreements and Traveller Pitch Funding. For more information see Annex 1. 3 The Single Land Programme replaced the Accelerated Land Disposal, Economic Assets and Property and Regeneration programmes with effect from 1 April 2015. Page 4 2. Introduction Geographical coverage
2.1 This release presents the housing starts on site and housing completions delivered by the Homes and Communities Agency (HCA) between 1 April 2009 and 30 September 2015 in England excluding London (for both the current and historical series4 ) with the exception of the Build to Rent, Builders Finance Fund and Get Britain Building programmes which are administered by the HCA on behalf of the Greater London Authority (GLA) and where delivery covers all of England including London. Purposes and uses
2.2 The figures in this release show the supply of affordable and market housing delivered through the HCA’s programmes5 with the exception of Help to Buy (Equity Loan scheme) which is published quarterly by DCLG6 . Further details on housing types are available in section 6 of this release. DCLG also publishes annual statistics on affordable housing supply in England7 showing the gross annual supply of affordable homes, irrespective of funding mechanism. Further information on the annual Affordable Housing Supply and Help to Buy releases is provided in section 8 of this release.
2.3 The data in this release are used by DCLG to monitor delivery of affordable homes as part of the DCLG business plan (see paragraph 8.3). The HCA use the data to measure progress towards commitments made in its published Corporate Plan8 . Local authorities also use the data when compiling their annual return to DCLG for the purpose of calculating the enhancement for affordable housing under the New Homes Bonus (NHB), a grant for local authorities to incentivise new housing supply. What is included in this release?
2.4 This is the first release of data relating to delivery for the six month period ending 30 September 2015 and covers fifteen current programmes and seven historical programmes delivered by the HCA (summarised in Annex 1). These include the acquisition of existing land or property as well as new house building, and some programmes provide a mix of affordable and market housing. Affordable housing may be for home ownership (on shared ownership terms) or for rent. 4 As housing starts on site and completions are recorded by their location, they may include homes located outside London where the funding was allocated to a local authority district within London. 5 See Annex 1 for a summary and links to information about the HCA’s programmes. 6 https://www.gov.uk/government/collections/help-to-buy-equity-loan-and-newbuy-statistics 7 https://www.gov.uk/government/collections/affordable-housing-supply 8 https://www.gov.uk/government/publications/homes-and-communities-agency-corporate-plan-2014-18 Page 5
2.5 Housing starts on site and housing completions are reported for each programme, where applicable. Housing starts on site are not applicable for programmes such as Mortgage Rescue because the product type records the completion of a purchase rather than a start and completion for a development or rehabilitation works.
2.6 To ensure consistent reporting with completions, with effect from 1 April 2014 the range of products reported for affordable housing starts on site includes the start on site for new build homes where the procurement route is such that the registered provider purchases the home at completion. As the completion is recorded when the provider purchases the property, there is no history or previously recorded date for the start on site, so for reporting purposes the start and completion dates are the same.
2.7 A programme breakdown of the data is available in Table 1 of the tables accompanying this release9 . Further information on the accompanying tables is provided in section 4 of this release. Table A of the latest annual statistics on affordable housing supply in England published by DCLG10 shows how the HCA programmes relate to the statistics on affordable housing published by DCLG. 2.8 There is a recognised pattern of higher delivery of affordable housing in the second half of each year. Historical evidence shows that delivery occurring in the first half of the year does not account for half of annual delivery. As a result figures in this release should be interpreted with caution. Evidence to support this statement is provided in Tables 1a and 2a in section 3 of this release and further details are provided in section 7 of this release. How is new subsidised housing provided? 2.9 Affordable homes delivered through HCA programmes are funded by central government. The funding is administered by the HCA to fund investment partners (including private registered providers, house builders, community groups and local authorities) to deliver affordable housing. 2.10 With the exception of the Single Land Programme, funding for all programmes is allocated through a bidding process based on the assessment criteria for each programme. Funding is paid in accordance with the contractual agreement for each programme. Investment for projects delivered under the Single Land Programme is determined in accordance with the HCA’s Financial Framework11 . London 2.11 Since April 2012, the Mayor of London has had oversight of strategic housing, regeneration and economic development in London. This means that the HCA no longer publishes housing starts on site and completions for London, except where the HCA is administering a programme on behalf of the GLA. The historical series for London, which reflects past delivery by the HCA, is included in the HCA’s housing statistics published on 12 June 2012 (revised 24 August 2012) available from the housing statistics page on the HCA section of
https://www.gov.uk/government/collections/housing-statistics10
https://www.gov.uk/government/collections/affordable-housing-supply11
https://www.gov.uk/government/publications/homes-and-communities-agency-financial-framework
North West and North East of the UK saw affordable housing completions rise in 2015.
Homes and Communities Agency - Housing Statistics 1 April 30 September 2015 <PDF
Further Reading
Buildings Day Cop 21 Mobilising the building and Construction Sector for Climate Change
Bank of England warns action may need to be taken in the buy to let property market
following a sharpincrease in the number of properties acquired by investors with the intention of renting them out
Slight Softening of House Price Growth in UK Housing Market
UK Property Markets Bank Of England Financial Stability Report December 2015 | Issue No. 38
Elon Musk's Tesla Power Wall and German Manufacturers of renewable energy ,battle over battery-powered homes
Autumn Statement: Buy-to-let homes face higher stamp duty
More buy-to-let landlords searching for mortgages on cheaper properties + housing market shows no sign of slowing down winter months
Comments
Post a Comment