Housing starts uplift gets Britain building again

Aaron Morby 11 years ago

The Government today released a flurry of better house building figures and claimed its policies have succeeded in getting Britain building again.

Housing start returns jumped 8% to 32,230 between July and September, compared to the previous quarter, the fastest rate of building since the crash.

The improvement came most from a 10% rise in private house building driven by Help to Buy, although public housing crept up 2%, mainly because of a surge in London homes.

Construction of new homes for the 12 months ending September 2013 reached 117,110, 16% up on the same period last year.

House building hotspots include Hammersmith and Fulham in London, where several major apartment projects are underway, Southampton, Cambridge and East Devon.

Housing Minister Kris Hopkins said: “Today’s figures show we’re building at the fastest rate since the crash in 2008, more people are securing a place on the housing ladder, and we’re delivering tens of thousands of affordable homes across the whole country.

“But there’s still more to do, and improving the housing market will remain a top priority. That means getting builders back on site, delivering new housing, more jobs and ensuring every hard working family has a place they can call home.”

The minister said he was reassured improvements across the housing market are delivering progress across the whole country.

Fresh housing figures show the highest number of Help to Buy sales were in Leeds, Wiltshire, Milton Keynes and Reading.

Just over 18,050 reservations have now been made in the first seven months of the Help to Buy: Equity Loan and 2,000 offers were made in the first month of the Help to Buy: Mortagage Guarantee which began in October.

Mark Clare, Chief Executive of Barratt said: “If we can sell homes more quickly we can build more quickly and we are rapidly increasing production.  We now have the confidence to target the construction of 45,000 homes over the next three years and we are investing in land and bringing it through planning to meet increased demand.

“We are also expanding the business by taking on 600 new apprentices and graduates to tackle the skills shortage that could constrain future growth.”

Stewart Baseley, Executive Chairman of the HBF, said: “As a result of this increase in activity, the industry is recruiting significant amounts of people. The supply chain is also gearing up to meet the increased level of demand, generating an economic boost the length and breadth of the country”

But the starts still fall woefully short of the 230,000 new homes needed to start to tackle the housing crisis.

Simon Rubinsohn, RICS Chief Economist, said: Although this is an encouraging development it will, however, still leave the number of starts below the required level and, as such, make little inroad on the overall shortfall in housing.

“As a result, there remains a strong case for further innovative measures to be introduced to deliver more homes, covering not just the private sector but also the affordable segment where new starts actually fell between the second and third quarters.”

While housing completions rose by 5% 28,850 in the third quarter, annual housing completions in England actually fell 8% to 107,950 in the 12 months to September 2013.

New figures from the Homes and Communities Agency showed affordable home starts between April and September fell just shy of 13,000. Despite a fall between the second and third quarter, this was more than triple the 3,722 in same six months in 2012.

Almost a quarter of these starts were in London, where construction of new affordable homes jumped seven-fold compared to the same period last year.

Cornwall, Wiltshire, Lewisham and Hackney delivered the most affordable homes in 2012-13.


Latest news

Historic facade contractor goes into administration

Administrator seeking buyer for Charles Henshaw & Sons
14 hours ago

Tilbury Douglas site manager saves schoolboy’s life

Site manager carries collapsed schoolboy to resuscitation unit he helped build
13 hours ago

Plans lodged for 3,300-home Salford tower cluster

£1bn Regent Park scheme includes UK's third tallest building at 70 storeys
1 day ago

Domis founder Lee McCarren steps down

Fellow director Kingsley Thornton takes helm as co-founder retires
23 hours ago

Spencer lands civils package on £300m energy plant

Subcontract worth £23m on pioneering Manchester green energy storage scheme
20 hours ago

Van Elle and M&J Evans team-up for housing works

Piling and groundworks specialist start new collaboration deal
20 hours ago

Muse JV closes Wolverhampton City Centre West quarter deal

English Cities Fund completes council partner deal for 1,000-home plan
20 hours ago

Ofwat approves £88bn AMP8 water spending spree

Spending on infrastructure ringfenced, unspent funds returned to customers
2 days ago

‘Bellingham Bridge’ takes shape on HS2 in Birmingham

Watch work on four huge piers for bridge named after England superstar
2 days ago

Construction swings from weakest to strongest sector

Construction output rebounds by 1.9% in May after three months of decline
2 days ago

Costain appoints new commercial director

Paul Morris takes over from David Taylor
2 days ago

Galliford Try upbeat as profits set to beat expectations

Contractor reports profits and revenue up in year-end trading statement
2 days ago

Council agrees extra £16m to complete Botley bypass

Milestone Infrastructure will start work next Spring on £47m scheme
2 days ago

Care home specialist Kori Construction hits 10.5% margin

Corby contractor targets multi-room and retirement living after strong year of growth
2 days ago

Hill Group names new special projects chief

Cain Peters to head growing £300m multi-storey complex project arm
2 days ago

Listing bid by one person could scupper 37-storey student tower

Construction faces delay after lone call to list the Hotspur Press in Manchester
3 days ago

A57 Mottram Bypass start date now set for early 2025

National Highways confirms compound work on A57 Link Road scheme can now start
2 days ago

Crest Nicholson set to accept revised Bellway bid

Rival comes-in with a third offer
3 days ago

Concrete frame problems cost Barratt again

Major remediation works needed on two schemes in London
3 days ago

Ex-Taylor Wimpey chief to head Travis Perkins

Pete Redfern takes up CEO role at builders' merchant in September
3 days ago

Tendering opens for £3.7bn Eastern Green Link 3 work packages

Bid race starts for UK’s largest proposed HVDC transmission project
3 days ago

HG Construction wins 37-storey Manchester student tower

Work to get underway at One Medlock Street
4 days ago

GF Tomlinson trio decamp to rival Miller Knight

£24m turnover Mansfield contractor launches growth push
3 days ago

Balfour awarded £185m A9 dualling contract

Winner revealed for retendered job
3 days ago

Rayner rescues plans for two giant data centres

Secretary of State for Housing, Communities and Local Government to look again at rejected schemes
4 days ago

Skanska UK construction restates 2022 profit down £30m

Errors in project completion cost estimates force contractor to slash reported profit
4 days ago

Supply chain woes send Willmott Dixon to a loss

Contractor hails strong start to 2024 after making a £5.2m pre-tax loss last year
5 days ago

Vistry on track for 10% profit rise after subcontractor cost cuts

House builder expects half year operating profits to hit £227m
4 days ago

Work to start on £100m Staffordshire Uni student village

700-bed student village will be built at Stoke-on-Trent campus
4 days ago

Driver crushed by concrete blocks on housing site

Avant Homes fined £300,000 after site delivery death
4 days ago

Contractor services