HCA 'on track' for home building
The Homes and Communities Agency (HCA) has announced it appears set to achieve its targets for UK home building for 2012/13.
By the end of June, the HCA reported it had completed 38 per cent of its target home construction projects across the country, meaning it remains on track to meet its quota for the coming year.
So far, the construction of 11,981 homes has been completed by the HCA across the UK, with a further 5,243 properties having seen work begin.
It is a strong position for the government department to be in at present, with the HCA playing its part in supporting the government's ongoing Affordable Homes Programme (AHP) in 2012, as it targets 26,250 completions by the end of March next year.
The HCA is also currently on track for the delivery of its quota of the 170,000 new affordable homes by the end of 2015.
Pat Ritchie, chief executive of the HCA, said: "It's particularly pleasing that FirstBuy is performing so strongly with 3,499 completions and that of the affordable housing starts virtually all of them came through the AHP, reflecting the delivery profile predicted.
"And it's also pleasing that just 18 months into the four-year spending period, a total of 55,000 new affordable homes have been completed - nearly half of those the agency is tasked with delivering by 2015."
The news follows the recent announcement that the Department for Communities and Local Government (DCLG) is set to hold a review into the impact of unnecessary bureaucracy and red tape on the UK's house building industry.
Communities minister Don Foster revealed the DCLG is taking up the baton of the government's ongoing Red Tape Challenge to address a number of concerns within the construction profession that there are too many road blocks to new projects and securing funding for projects at present.
--- Ends ---