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Homes England focuses on affordable properties as completions rise

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  • 18/06/2019
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Homes England focuses on affordable properties as completions rise
Housing starts-on-site and completions hit new highs in the year to end-March 2019, Homes England reported.

 

Starts-on-site reached their highest level for nine years at 45,692 and completions climbed to a four-year high of 40,289.

Starts for affordable homes reached their highest level in five years. Of all housing starts, affordable homes represented 67 per cent, or 30,563.

The number was up 10 per cent on affordable starts in the year to end-March 2018.

Of completions, affordable homes comprised 71 per cent or 28,710. Affordable completions stood at their highest level for four years.

This figure was a rise of 11 per cent on affordable completions in the year ending March 2018.

 

Still 10k behind target

“The nine-year high in house building signals that a head of steam has built up, but it remains 10,000 off target,” said Joseph Daniels, founder of Project Etopia

“Homes England could close this gap significantly over the next few years. There’s still a long way to go to satisfy the existing deficit,” he added.

The figures cover Homes England programmes such as Affordable Homes, Build to Rent and the Builders Finance Fund. They exclude London apart from where Homes England administers programmes on behalf of the Greater London Authority.

Homes England programmes are funded by central government and support investment partners such as private providers, house builders, local authorities and community groups.

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