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Housebuilding rates drop

Housebuilding rates drop

Figures from the Department for Communities and Local Government have revealed that the rate of homebuilding in the UK is down six per cent on last year.Despite this, the number of houses completed in the three months to July rose to 36,890 - the highest level recorded since 2008.While the number of new starts rose by 26 per cent in the first three months of this year, the rate fell by 14 per cent between April and June. This total is made up of a 12 per cent drop in private sector build, and a 23 per cent fall for public sector projects.The figures are mixed, as the amount of new houses built is 32 per cent below the highest level reached in 2007, but 94 per cent higher than the lowest figures recorded in the depths of the financial crisis in 2009.Housing minister Brandon Lewis said: "Our One Nation Government has got the country building again with today's figures showing that 131,060 extra homes have been built in the past year."This has provided a real boost to the UK's construction industry and is delivering the homes that hard-working people rightly deserve."In a bid to increase the number of available homes, the government has already created a fund to support developments on brownfield sites, and is looking to extend this into greenfield areas in the future, according to chancellor George Osborne.Recent reports have shown that a growing shortage of affordable housing is pushing up the cost of homes. This need is reflected in the fact that opposition to local building projects has fallen from 46 per cent in 2010 to 21 per cent in 2014.A survey conducted by the Linton Group has also found that in London alone, 66,000 new homes would need to be built every year just to keep pace with current demand - almost twice the number of homes started across the country over the last quarter. 

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