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House building momentum on the up

by on May 28, 2015

Official statistics released this week show that 40,340 new homes were started in England during the first three months of this year, the highest quarterly number since 2007.

The figures show that the momentum from 2014, which saw 137,310 new homes started, up 10 per cent on 2013 and 60 per cent from the low point in 2009, appears to be gathering speed.

The figures also indicated that seasonally adjusted house building starts in England were estimated at 40,300 in the first quarter of 2015, a 31 per cent increase compared to the previous quarter.

The seasonally adjusted level of starts in the March quarter 2015 increased by 11 per cent on the same period a year earlier.

Seasonally adjusted completions were estimated at 34,040 in Q1 2015, 10 per cent higher than the previous quarter. The seasonally adjusted level of completions in the first three months of this year increased by 21 per cent on the same quarter a year earlier.

Private enterprise housing starts (seasonally adjusted) were 30 per cent higher in Q1 2015 than the previous quarter, while starts by housing associations were 36 per cent higher.

Seasonally adjusted private enterprise completions increased by seven per cent and housing association completions increased by 24 per cent compared the previous quarter.

Housing and planning minister Brandon Lewis said: “House building is at the heart of our plan to ensure the recovery reaches all parts of our country.

“These figures show these efforts are reaping results, with house building starts having more than doubled since 2009, and completions at their highest for nearly six years.”

View the release document (PDF, 1.39MB).

Roger Milne

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