New build starts experience strong surge

New build starts experience strong surge

The number of new build homes that have started to be built has surged to the highest level since 2008, new figures released by the Government reveal.

The latest housebuilding data shows that 164,960 new homes were started in the year to June 2017, up 13% on the previous year. Since the low in 2009 thes figures have increased by more than three-quarters.

More than 153,000 new homes have been completed during the same period, an increase of 11% compared with the year before.

Housing and Planning Minister Alok Sharma said: “Building more homes is an absolute priority for this government. Today’s figures are proof that we are getting Britain building again, with new housing starts reaching record levels since 2009. It’s vital we maintain this momentum to deliver more quality homes in the places that people want to live. Our housing white paper set out an ambitious package of long-term reforms to do just that.”

 

 

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