Commercial Finance
Builders and government recommit to deliver one million homes by 2020
The housebuilding industry and the government have come together to reaffirm their commitment to delivering one million homes before the dissolution of the current parliament.
Stewart Baseley, executive chairman of the Home Builders Federation (HBF), said that last year, more than 180,000 new homes were built in England in response to government policies to increase output and that this number would continue to grow over the coming years.
“Housebuilders are investing in their supply chains and have taken on tens of thousands of new workers to ensure the capacity and skills are in place to deliver more high quality homes.”
The HBF said build rates on large sites have doubled since 2010 and that the country’s biggest builders have increased output by an estimated 60% since the housing crash – intending to increase this to 100% by 2019.
The housing and planning minister, Brandon Lewis, said: “This statement of intent shows housebuilders are committed to continuing the growth in supply we have seen under our administration – building more of the homes that this country needs.
“This confirms we can achieve our ambition of delivering one million homes.”
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He said he would continue working with the house building industry to ensure rates of building are further increased.