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Number of homes built fall in Q4 2021

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  • 10/03/2022
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Number of homes built fall in Q4 2021
The number of new homes built fell by three per cent year-on-year between October and December 2021.

The number of dwellings where building work has started totalled 41,600 between October to December 2021, this represented a three per cent fall compared to the previous quarter and a three per cent fall when compared to the same quarter in 2020.

According to the Department for Levelling Up Housing and Communities, the number of completed homes totalled 41,330 between October and December 2021. This was a four per cent fall when compared to Q3 and an 11 per cent annual fall when compared to the same quarter a year ago.

Between April 2020 and March 2021, 216,49 additional dwellings were completed, a fall of 11 per cent on the net additional dwellings created between April 2019 and March 2020.

There were 61,110 new home energy performance certificates (EPCs) lodged in England in the quarter ending December 2021, a six per cent decrease when compared to the same quarter last year.

In the 12 months to December 2021, new home EPCs totalled 243,780, an increase of 13 per cent on the 12 months to December 2020.

There was a net increase of 201,850 in the number of domestic properties with a council tax band in England between April 2020 and March 2021. This increase was 17 per cent down on that seen in the same period of the previous year.

Rhys Schofield, managing director at Peak Mortgages and Protection said: “These figures tell you all you need to know about why house prices continue to rise. Demand is outstripping supply and will continue to do so when there are extreme shortages of materials and every proposed new development has to smash down a wall of NIMBYism to even get off the ground in the first place.”

 

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