The number of newly built UK homes has increased 6% in the past year 25 August 2016 property news @onthemarketblog

The number of newly built homes has increased 6% in the past year, new figures released today (25 August 2016) show.

The latest house building data shows that 139,030 new homes were completed in the year to June and have continued to build gradually over the last 2 years.

More than 144,280 homes were started in the year to June 2016.

Meanwhile, figures from the Council of Mortgage Lenders show there are more first-time buyers than at any time since 2007, with 72,800 in England in the second quarter of 2016.

Communities Secretary Sajid Javid said:

We’ve got the country building again with more new homes started and built than this time last year.

This is real progress but there is much more to do. That’s why we are going further and increasing our investment in house building to ensure many more people can benefit.

House building across the country

Today’s figures show strong regional growth in London, Swindon and Wakefield, which are all experiencing high levels of completions.

Delivery in London saw 24% more homes being built in the year to June 2016 than the previous year with local authorities in Greenwich and Waltham Forest seeing completions soar 126% and 103% respectively over the same period.

And in Swindon and Wakefield completions were up 104% and 41% respectively.

Figures published last year show that the total number of new homes across the country rose by 25% in 2014 to 2015, when taking in to account all homes, including new builds, houses that have been converted into flats and buildings whose use has been changed to residential.

The government is committed to building the homes this country needs and investing £8 billion to build 400,000 more affordable homes to rent and buy.

The landmark Housing and Planning Act will help deliver on its ambition to build a million more homes by ensuring councils continue to play a key role in delivery, and through new measures that will allow them to deliver more homes more swiftly.

Further information

The House building: June 2016 quarter England statisticsrecord the number of new build homes completed and started during the quarter April to June. It uses data sourced from building control officers at local authorities, the National House Building Council and independent inspectors.

This differs from the data sources used in the Net supply of housing in England: 2014 to 2015, which cover all new homes, including new builds, homes that have been divided into flats and change of use from commercial to residential.

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