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40,000 Dwellings Fulfilled by Homes England

by Paul Addison on July 29, 2019 No comments

In the time between April 2018 and March 2019, 40,289 dwellings have been completed by the government’s housing accelerator, Homes England.

Throughout the same period, 45,692 homes were started on site under programmes managed by Homes England.

These are the highest levels of completions in 4 years, and the highest levels of starts in 9 years, per the organisation.

From the starts, 30,563 of the homes were affordable (67%), which is a 10% increase from the period between April 2017 and March 2018.

Included in this figure are;

  • 17,772 homes for affordable rent.
  • 11,560 under schemes such as shared ownership and rent to buy.
  • 1,231 for social rent.

The chief executive of Homes England, Nick Walkley, said:

“At a time where the average house costs around eight times the average income, these are positive signs that the delivery of homes, and particularly affordable homes, is on the up.

However, there is still a huge amount of work to do to make sure this trend continues. We’re just getting started and need the sector to join us in our mission to make sure we continue to deliver homes across the country for the people who need them the most.”

Housing minister, Kit Malthouse, added:

“It’s great to see our housing accelerator has its foot firmly on the gas with nearly 29,000 new affordable homes finished last year. Getting these properties built is all part of our cast-iron commitment to making sure everyone has the opportunity to realise the dream of a stable home.

But there is more to do, and so this government is providing serious support, including £44 billion of funding and guarantees, to build more, better, faster.”

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Paul Addison40,000 Dwellings Fulfilled by Homes England

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