Home building figures pick up

Home building figures pick up

10:30 AM, 19th March 2021, About 3 years ago

Text Size

The number of homes being built since the lifting of the first period of national coronavirus restrictions continues to rise, latest housebuilding figures published show.

New data shows new housing starts were estimated to be 42,110 in the latest quarter (October – December 2020), a 16% increase on the previous quarter (July – September 2020). New homes completed was at 46,950 in the latest quarter, a 4% increase compared to the last quarter, and the highest completions figure since its peak in the March quarter 2007.

Today’s figures also show an increase in housebuilding starts in London with 13,460 in 2020, an increase of 11% from 2019.

In addition, the figures highlight that in 2019 to 2020 houses made up 79% of all new build dwellings, the highest proportion since 2000 to 2001.

Housing Secretary Robert Jenrick said: “Today’s figures show a steady increase in the number of new housing starts and the number of new homes built, highlighting a sustained period of growth in the housing sector as it continues its recovery.

“The government has continued to demonstrate its support for the industry throughout the pandemic by enabling construction sites to remain open and operate safely in line with important public health guidance. We’ve intervened to help the sector bounce back despite all the challenges we’ve faced.”

Share This Article

Leave Comments

In order to post comments you will need to Sign In or Sign Up for a FREE Membership


Don't have an account? Sign Up

Landlord Tax Planning Book Now