New figures from Homes England indicate the organisation’s growing influence within the English housing market.
Homes England, the Government’s housing accelerator, has reported that for the six months between 1st April and 30th September 2018, the programmes it manages 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.
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.
Genesis Homes has secured a £4 million funding loan with Homes England to support the delivery of 37 new homes.
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.
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.”