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New build homes hits nine year high
The latest house building data reveals that the number of new build homes that have started to be built have continued to rise to the highest level since 2007.
The Department for Communities and Local Government figures show that 153,370 new homes were started in the year to December, a rise of five per cent on the previous year, meaning that over 140,500 homes were completed in the year to December 2016.
Manchester and the London Borough of Islington were the regions which have experienced the strongest growth, with annual increases of 323 per cent and 296 per cent and respectively.
Gavin Barwell, Housing and Planning Minister, said: “We’ve got the country building again with the highest number of housing starts for nine years. However, we know there’s more to be done to build more homes in the places that people want to live.
“Our Housing White Paper sets out an ambitious set of proposals to deliver more land, speed up build out, diversify the housing market, and support people who need help now.”
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