HCA exceeds housing starts target by 22%

Aaron Morby 14 years ago

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
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
Social Rent 27,500 30,857 112
LCHO 21,700 22,079 102
Kickstart Housing Delivery
Social rent 20 N/A
Open Market 2 N/A
P & R 3,125 3,147 101

Latest news

Go-ahead for London’s largest estate £1bn rebuild

Spring start for first job at Stratford's Carpenter Estate scheme
12 hours ago

Costain trials electric vans on major civils sites

Green vans meet "tight budgetary requirements" in pilot scheme
15 hours ago

Taylor Wimpey sees tender inflation fall to 1%

House builder retenders site work as build costs slide
22 hours ago

Careys back in profit after £47m turnaround

Contracting division back in profit ahead of three-year growth plan
2 days ago

Rye Demolition goes into administration

Another specialist contractor goes under
22 hours ago

Historic breakthrough for HS2’s longest tunnel drive

TBM Florence ends her 10 mile journey under the Chilterns
1 day ago

Volumetric builder Tide seals deal to start London tower

32-storey North Acton tower will consist of 462 co-living units
23 hours ago

Costain moves HQ to London’s Can of Ham

Contractor makes return to London from Maidenhead base
1 day ago

Former Keltbray highways MD joins McAlpine

Vip Gandhi takes lead role at Transport division
2 days ago

Willmott Dixon exits stage left from Essex theatre contract

Contract re-tendering shines spotlight on growing schism between contractors and clients
2 days ago

Purpose build student schemes to surge again

Unite assembles record £1.3bn pipeline as fall in HMO supply boosts PBSA sector
2 days ago

Bidding starts for £1.4bn Midlands Rail Hub Alliance

Alliance will deliver upgrades to rail lines and stations around Birmingham and nearby towns
2 days ago

Brickability sounds warning over materials demand

Distributor sees lower sales lasting for longer before house building recovers
2 days ago

English Cities Fund raises extra £200m for work pipeline

Muse, Homes England, L&G partnership to double in size
2 days ago

Go-ahead for 64 homes at former Glasgow Coliseum theatre

Robertson-owned developer Urban Union to build four housing blocks at site
2 days ago

Competition probe launched into 8 major house builders

Cartel watchdog says volume house builders may have exchanged competitively sensitive information
3 days ago

Cement-free concrete firm falls into administration

DB Group also owned Pudlo waterproofing products
3 days ago

Everton Stadium now structurally complete

Laing O'Rourke lifts final concrete terrace section into place
3 days ago

HS2 launches third London Northolt tunnel TBM

1,700 tonne machine begins 3.4mile dig under the capital
3 days ago

Willmott Dixon set for Manchester science park job

Contractor understood to be in final stages of talks to land £75m Greenheys building
6 days ago

Transport jobs get £4.7bn of cancelled HS2 cash

Government details funding for North and Midlands from 2025
3 days ago

Stewart Milne went down owing supply chain £153m

So far 1,375 firms have come forward with unpaid bills
7 days ago

Didcot disaster investigation enters its ninth year

Still no answers for families of quartet killed in demolition collapse
6 days ago

Mount Anvil wins £275m Westminster estate renewal

First phase of Church Street area regeneration will deliver 400 new homes and a library
6 days ago

Trio of A47 road upgrades to go-ahead as legal challenge fails

20-month delay adds tens of millions to dualling costs
6 days ago

Skanska and Morgan Sindall win £277m duo of Cambridge jobs

Railpen awards £200m Botanic Place and £77m Devonshire Gardens office jobs
7 days ago

Offsite specialist Merit sees profits grow

Contractor sees further growth in turnover and profits
6 days ago

Morgan Sindall delivers another record year of profit

Revenue tops £4bn as pre-tax profit soars 70% to £144m
7 days ago

Galliford Try nets two pipelines and road job worth £98m

Firm wins £64m of Thames Water pipelines and Halifax road improvements
6 days ago

HS2 viaduct blunder over wonky concrete segments

Align JV now drilling out concrete joint as part of week-long remedial work
1 week ago

Contractor services