Housing Starts Decrease in 2012

posted 22.02.2013
According to the latest housing figures released by the Department for Communities and Local Government the number of housing starts in England in 2012 has plummeted.

The total number of houses built in 2012 totalled 98,280 which is a decrease of 11% compared with the number of homes built in 2011. Homes started by private housebuilders were down 8% compared with the previous year but the largest decrease was within the housing associations with starts down 23% on 2011.

Despite the fall in housing starts, housing completions saw a marginal increase in 2012 to 115,620, a 1% increase year-on-year.

Ian Fletcher, Director of Policy at the British Property Federation, said: “Against the backdrop of these figures we need to seriously think about how we’re going to build the homes this country needs to meet growing demand. As things stand the owner occupied model just isn’t delivering the required numbers, and we need to focus on a range of options.”

“To improve overall housing supply it needs to be affordable, does not require access to mortgage finance and not put undue strain on tight public finances. An institutional-funded professional rented sector, building to let, ticks all these boxes.”

Recipro sourced this article from Construction Enquirer and Construction Index.

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