We found this story in the HMG Press Releases but are not sure whether you want to know about the number of new homes being built in any period. There is a knock on effect from new house builds that will actually affect your number of moves or the number of self-store units being rented. That said the story does highlight a move forward in house building which has been moving forward very gradually over the last few years.
According to Homes England they report that their latest official housing statistics show the number of homes being built in England continued to rise in the first half of this financial year.
Between 1 April and 30 September 2018, programmes managed by Homes England* started building 15,766 homes on site and completed a total of 15,704 homes. These figures represent 15 per cent and 31 per cent increases on the first half of 2017-18.
Affordable homes represented 63 percent of the housing starts (9,909 homes) – a 42 per cent increase on the same period last year – and 71 per cent of the housing completions (11,091 homes), a 19 per cent increase on the number of affordable homes completed in the first half of last year.
A total of 5,857 homes for market sale were started in the six months to 30 September 2018 – a 13 per cent decrease on the same time last year – however, the number of market sale homes completed in this period was up 69 per cent to 4,613, compared to 2,737 last year.
Nick Walkley, Chief Executive of Homes England, said: “These latest figures show the overall number of homes being built continues to rise, reflecting the hard work being carried out by the housing industry to build better homes faster.
“However, while they are encouraging to see, we cannot be complacent. We know there is more work to be done to meet the Government’s ambition to deliver 300,000 new homes a year, so we will continue to intervene in the housing market and use our land, powers and influence to make homes happen.”
The Office for National Statistics figures for November 2018 show that the house price growth is weaker in England the rest of the UK. On average, house prices rose in November by just 2.8% in England and 5.8% in Wales. The highest growth in house sale prices in England occurred in the Midlands (6.1%) and the weakest being the South East (1.7%).
Overall this situation seems better than many pundits expected and subject to the outcome of the dreaded Brexit we may yet see a bumper year in 2019.