The Department for Communities and Local Government (DCLG) publishes a range of annual and quarterly house building statistics. These statistics record when homes start and when homes complete and are available nationally, by local authority and by local enterprise partnership.
The annual housebuilding statistics for year, tenure and district can be found at DCLG Table 253. In England, over 162,000 homes were started – up from just under 143,000 the previous year.
That is good news in itself – as it is the highest housebuilding starts level recorded since 2008/09. It is the fifth highest year in more than quarter of a century.
Annual housing supply in England amounted to 217,350 net additional dwellings in 2016-17, up 15% on 2015-16.
The 217,350 net additions in 2016-17 resulted from 183,570 new build homes, 37,190 gains from change of use between non-domestic and residential, 5,680 from conversions between houses and flats and 720 other gains (caravans, house boats etc.), offset by 9,820 demolitions.
Since the last publication date, the housebuilding industry has remained positive about building and growth. However, three key risk factors that are most commonly raised in industry discussions are:
- Brexit negotiations, and the resultant impact on internal confidence as well as external market access to skills and materials.
- Macroeconomic events, such as inflation and cost of living.
- Affordability: namely affordability of rents and access to finance for mortgages, particularly for younger people.
Autumn 2017 budget
Source; HM Treasury