The number of new homes has increased by 11% in a year, the highest annual total since 2007 to 2008, according to new figures revealed by the government.
The national statistics include net additional dwellings in England from 1 April 2015 to 31 March 2016. These “net additional dwelling” figures are based on local authority estimates of gains and losses of homes during each year.
The figures show that more than 893,000 additional homes have been delivered since 2010. The 189,650 net additions over the past year resulted from 163,940 new build homes, 30,600 gains from change of use between non-domestic and residential, 4,760 from conversions between houses and flats, and 780 from other gains. The net figure was offset by the demolition of 10,420 homes.
“We promised to turbocharge house building so more people can have the security of their own home, and that is exactly what we are doing with the biggest increase in the number of new homes in many years,” said housing minister Gavin Barwell.
“We know there is more to do to ensure the housing market works for everyone and not just the privileged few and we will be setting out further details in our housing white paper shortly.”
The figures follow last month’s announcement of a £3bn home building fund, which aims to facilitate the building of more than 200,000 homes in the long term.
“These figures provide the best evidence to date as to how much house builders have ramped up housing supply. The government’s ambitious target to build 1M homes over the course of this parliament is now within reach,” said Home Builders Federation (HBF) executive chairman Stewart Baseley.
“The industry is committed to delivering the high quality new homes the country needs to address our housing crisis. As we build desperately needed new homes, the industry is creating hundreds of thousands of new jobs directly and in the supply chain boosting local economies across the country.”
National Infrastructure Commission (NIC) deputy chair Sir John Armitt stressed in the recent National Needs Assessment (NNA) report that housing must be at the heart of plans to boost the economy through spending on infrastructure. The NIC has also warned today (16 November) that a lack of sufficient housing is a major risk for development of the Cambridge-Oxford corridor.