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New House Building Starts Up 30%

Recently released government figures indicate that the number of new homes being constructed in England has attained its highest level since 2007.

Between January and March 2015, work commenced on an estimated 40,300 new properties, which is a 31 percent increase on the previous quarter.

Figures released by the Department for Communities and Local Government (DCLG) confirm that this amount is the highest quarterly total achieved since the final three months of 2007.

The number of new housing projects is presently 136 percent greater than a trough attained in the opening months of 2009, although it remains 18 percent lower than a high reached in early 2007.

Work began on 140,500 new homes in the year to March 2015, which is 5 percent higher than the number reported for the previous year.

The number of new homes being completed has also reached its highest yearly levels since 2009, with a total of 125,110 new properties having been built between April 2014 and March of this year.

The places with the greatest levels of housebuilding activity include Manchester, where construction project starts have gone up by 84 percent over the year and Winchester, where there has been a 120 percent increase.

According to Housing Minister Brandon Lewis, the UK government is working hard at “getting the country building again.”

Government schemes such as Help to Buy have assisted more than 200,000 aspiring homeowners get onto the property ladder, representatives have said.

But Shelter, a housing charity, pointed out that the 125,110 new houses that were constructed over the past year represent only half of the 250,000 houses needed to deal with the country’s acute housing shortage.

Shelter chief executive Campbell Robb said that while any observed increase in housebuilding activity is to be welcomed, a small growth cannot make up for the fact that only half of the homes needed are being built.

 

Specialists in Construction Insurance

Mr Robb said that the charity is waiting to see the “solutions behind the slogans.” The country does not need more piecemeal schemes, he explained. What is needed is a serious and long term plan that can restore hope to all those who are dealing with the brunt of the current UK housing shortage.

The National Housing Federation also pointed out that the country is experiencing a far-reaching housing crisis and at the core is the fact that there have not been enough new homes built for over a generation.

Urgent action is needed to get housing of all types constructed. Young people and families everywhere are desperate for affordable housing that they can rent on a long term basis and shared ownership properties that can give them a boost onto the housing ladder.

Many industry figures believe that the UK’s housing issues will continue as long as certain restrictions, such as those designed to protect Britain’s countryside, remain in effect.

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