HCA exceeds housing starts target by 22%

Aaron Morby 14 years ago
Share

The Homes and Communities Agency delivered 11,500 more affordable housing construction starts than targeted last year.

The Agency achieved 64,811 starts against a target of 53,315 over the year to April. Affordable homes completions were 7% ahead of expectations at 56,118 for the year.

Over half of the housing starts were in London, the south east and south west and the extra homes are estimated to have secured thousands of construction jobs.

Before the election the Conservatives described the agency as bloated and made no secret that they believed the quango was ripe for cuts.

Last month the agency was forced to freeze future spending, after massive budget cuts to tackle the country’s deficit. It is waiting to hear more about its fate in next week’s emergency Budget.

Chief executive of the HCA, Sir Bob Kerslake, said: “These figures further demonstrate what we believe has been a successful first year.

“This is an excellent result, considering the extremely fragile market, and illustrates how we are making a significant impact in areas facing the greatest challenges in maintaining a supply of affordable housing.

“I am especially pleased with the progress made on Kickstart and LANB (Local Authority New Build), which show how we were able to respond swiftly to challenges presented by the economic downturn.”

He said that whatever the outcome of next week’s Budget, it was clear that with less public funding available to support housing, the agency would need to focus efforts where they had most impact at local level.

Sir Bob added that the agency would continue to focus on driving value for money in key areas such as affordable housing.’

“We will certainly be no less committed to making sure we not only continue to hit targets, but, in this new era of localism, also continue to support our partners in achieving our shared ambition for creating high quality places,” he said.

HCA housing starts and completions

Target Actual % of Target
Total Housing Starts 53,315 64,811 122
NAHP
Social Rent 30,000 35,682 119
LCHO 10,500 11,764 112
Kickstart Housing Delivery
Social Rent 2,000 1,693 85
LCHO 2,000 3,674 184
Open Market 5,000 6,544 131
Local Authority New Build
Social Rent 1,000 2,068 207

Total Housing Completions 52,325 56,118 107
NAHP
Social Rent 27,500 30,857 112
LCHO 21,700 22,079 102
Kickstart Housing Delivery
Social rent 20 N/A
LCHO 13 N/A
Open Market 2 N/A
P & R 3,125 3,147 101

Latest news

Ray O’Rourke to step down as chief executive next week

Son Cathal O’Rourke to head the Laing O'Rourke Group as new CEO
26 mins ago

Multiplex starts London 36-storey ‘hanging gardens’ tower

Piling starts on Square Mile's £400m 50 Fenchurch Street tower
8 hours ago

Birmingham to pick five firms for £265m homes retrofit plan

Firms to be charged annual fee to cover Council cost of promoting energy efficiency
10 hours ago

Arup and Binnies to design Abingdon reservoir

Embankment trial will help consultants to draw up £1.5bn reservoir design
11 hours ago

Subdued market sees profit warning from SIG

Insulation and building products supplier pushes back timing for market turnaround
10 hours ago

Developer CLS to advance major new Vauxhall scheme

Citadel Place scheme will consist of 400 student rooms and 200 flats
10 hours ago

Tarmac trials electric tipper truck

Pioneering EV tipper being put through its paces
10 hours ago

Changing of the guard at HBF

Long-standing Chief Executive Stewart Baseley steps back to become chairman
9 hours ago

Early bond release key to averting industry surety crisis

Contractors must put pressure on clients to release bonds promptly
3 days ago

Over 1000 building safety cladding retrofits completed

25% of safety retrofits finished seven years after Grenfell disaster
3 days ago

Steel import delays make Rangers miss kick-off

Construction work at Ibrox will not be finished by start of next season
4 days ago

Lidl looking for new contractors for store building plans

Sign up for events in Newcastle, Glasgow, Birmingham and Southampton
3 days ago

Utility firm GTC revs up for ground source heat pump era

Contractor and heat pump maker strikes ground-breaking deal
3 days ago

Amey switches kit supplier to Speedy from HSS

New plant and equipment hire deal worth £25m a year
4 days ago

Clients under spotlight after bond bombshell

Contractors call for action to avoid project delays
4 days ago

M&E specialist Lorne Stewart falls into the red

Parent group suffers £2.8m loss in face of cost inflation and insolvencies
4 days ago

Four men rushed to hospital after site accident

Eye-witnesses report a wall was knocked over on Edinburgh site
5 days ago

World’s tallest scissor lift set for UK sites

Hire Safe Solutions partners with Dingli to supply lift with working height of 37 metres
4 days ago

Barhale wins £36m East London sewer remediation

Northern Outfall Sewer in West Ham runs above railway lines in the city
4 days ago

Weston Homes thumbs-up for £220m Essex homes scheme

Colchester 600-home Viridis scheme gains outline consent
4 days ago

Balfour seals £192m deal for trio of Scottish substations

Work to start this summer to enhance electrical transmission in Argyll
5 days ago

Construction bond bombshell as major player quits market

QBE currently provides cover for 20 of the industry's 30 biggest contractors
5 days ago

United Utilities names another 18 winners for £2.7bn water spend

Water giant cuts out large management contractors in latest spending round
6 days ago

Green light for £130m Dundee Eden project

Former gasholder site to be transformed into green house
5 days ago

Four tower scheme in Glasgow gets green light

Go-ahead for major mixed-use scheme at Central Quay
5 days ago

‘Green collar’ construction workers earning £134,000

Cost consultant T&T says insulation and heat pump trades earning £70 an hour in London
5 days ago

£65m Trafford Waters resi blocks approved

X1 Developments plans over 200 homes in 13- and 8-storey blocks
5 days ago

Over 100 firms win £1.5bn ICN housing framework

Great Places Housing Group names key partners for new homes programme
6 days ago

Steelwork firm went down owing £4.5m to suppliers

Subcontractors left holding unpaid invoices from SH Structures
6 days ago

Scottish civils firm to buy stake in piling specialist

Advance Construction in talks for 25% stake in Northern Piling Ltd
6 days ago

Contractor services