Housing completions down, starts up
Posted: Monday, July 4th, 2022
The number of new homes completed in England in the first quarter of 2022 was down by nearly 11% on the previous quarter, according to latest government figures. Numbers from the Department for Levelling Up, Housing & Communities show 40,720 new homes were completed between January and March this year, compared to 45,610 between October and December last year – a drop of 10.7%, The Construction Index reported. However, the number of new homes started did see an increase in England – 42,820 homes were started in Q1 2022, up 18.8% compared with 36,030 in Q4 2021. Clive Docwra, managing director of property and construction consultant McBains, said: “With today’s figures showing housing completions falling significantly in the first three months of this year, it’s no surprise that the government has noticeably started to gently drop mention of its target to build 300,000 homes a year by the mid 2020s. Based on current rates, that target will be missed by some way, even with the increase in starts this quarter. “The government has also recently diluted plans to reform the planning system in England which would have made it easier for planning permission for new homes to be granted, at a time when it’s clear more homes are needed.” However, it seems that the government is still committed to its original target, set down as a 2019 manifesto commitment.
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