New stats show govt "on track for 1 million homes"

Nov. 15, 2016
<p>Government figures released on November 15 show that 190,000 homes were added to the housing stock in England in the last financial year, up 11% on 2014-2015. Of these, 163,940 were new build homes, up 6%.</p> <p>The Home Builders Federation welcomed the figures saying that they confirm that the government’s plan to deliver 1 million homes in this parliament is on track and that the housebuilding industry is responding to government policies aimed at stimulating supply.</p> <p>“To achieve the government’s ‘1 million homes in this parliament’ target, output needs to average 200,000 homes a year,” said HBF. “The new figures, that effectively cover the first year of the parliament, show that recent increases in housing delivery have been sustained and built on, with all indicators suggesting that further increases will occur.”</p> <p>The figures show that overall housing supply from April 2015 to April 2016 did actually reach 200,000 (200,070), up 10% on the year before, but once demolitions are taken off there were 189,650 net additions to the housing stock, up 11%. They also show there has been a 52% increase in housing supply over the past three years.</p> <p>Stewart Baseley, executive chairman of the Home Builders Federation, said: “These …

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