Number of newly built homes rises by 6pc

Latest figures show that the number of newly built homes has increased by 6% over the past year.

The figures, released by the Department for Communities and Local Government, reveal that 139,030 new homes were completed in the year to June and have continued to build gradually over the last two years.

Overall, more than 144,280 homes were started in the year to June 2016.

In its statement, the Department highlights that the number of first-time buyers has also risen by referring to data from the Council of Mortgage Lenders which shows there were 72,800 first-time buyers in England in the second quarter of 2016 – figures not seen since 2007.

House building growth has been strongest in London, Swindon and Wakefield, while London saw 24% more homes being built in the year to June 2016 compared to the previous year.

Local authorities in Greenwich and Waltham Forest have seen completions soar by 126% and 103% respectively over the same period.

As for Swindon and Wakefield, completions rose by 104% and 41% respectively.

When taking into account all types of homes, including new building, flat conversions and buildings whose use has been change to residential, figures show that the total number of new homes across the country rose by 25%, from 2014 to 2015.

Sajid Javid, Communities Secretary, said:

“We’ve got the country building again with more new homes started and built than this time last year.

“This is real progress but there is much more to do. That’s why we are going further and increasing our investment in house building to ensure many more people can benefit.”

The government states it is investing £8 billion to build 400,000 more affordable homes to rent and buy.

 

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