Housing starts and completions hit seven-year high

Housing starts and completions have both hit a seven-year high, according to new government figures.

February 26, 2016
Published

Housing starts and completions have both hit a seven-year high, according to new government figures.

Data from the Department of Communities and Local Government has revealed that the number of starts in the final quarter of 2015 was up 23 per cent on the same period in 2014, while completions rose by 21 per cent.

The tally of new build homes being started was up to 143,500, nearly twice as many as at the low point of activity in 2009.

Planning permissions were also up, increasing by 12 per cent.

Commenting on the figures, communities secretary Greg Clark said: "Today's figures show how our reforms to the planning system are delivering the permissions needed and schemes like Help to Buy have given builders the confidence to invest and build."

However, he added, the government is seeking to do more in order to build a million extra homes by 2020-21.

The government recently proposed enabling developers to have a choice of who to make planning applications to in order to encourage councils to handle applications with more haste.

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