{"id":39767,"date":"2018-03-23T14:16:59","date_gmt":"2018-03-23T14:16:59","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=39767"},"modified":"2018-03-23T14:16:59","modified_gmt":"2018-03-23T14:16:59","slug":"new-build-completions-up-16-but-fall-short-of-government-targets","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/new-build-completions-up-16-but-fall-short-of-government-targets\/39767\/","title":{"rendered":"New build completions up 16% but fall short of government targets"},"content":{"rendered":"

New figures from the Ministry of Housing, Communities and Local Government show an encouraging 16% year-on-year increase in new build dwelling completions in 2017 but the numbers fall considerably short of the government\u2019s target of 300,000 by the mid-2020s<\/h2>\n

There were 163,250 new build completions in 2017, and 162,180 new build starts, a year-on-year increase of 5%. However, the figure for new starts fell in the final quarter of 2017 by 1% versus the same period in the preceding year.<\/p>\n

The statistics reveal relatively high rates of new build starts west of the London commuter belt and across the Midlands to East Anglia.<\/p>\n

Local authority areas with particularly high new start rates include Northamptonshire, Essex and South Derbyshire while Croydon, Northamptonshire and Kent all recorded high completion rates.<\/p>\n

During 2018, houses made up 75% of all new build dwelling completions, the highest proportion since 2001-02, while the proportion of flats fell from around half in 2005-06 to just a quarter in 2016-17.<\/p>\n

Commenting on the new figures, Kelly Boorman, head of construction at audit, tax and consulting firm RSM said: \u201cWhile the numbers show an encouraging upward trend, we still haven\u2019t returned to pre-crash levels. The current figures also underline how difficult it will be for the government to meet its target of 300,000 new homes<\/a> annually by the mid-2020s.<\/p>\n

\u201cDespite government efforts to improve the planning process, some developers continue to be frustrated by what they perceive to be unnecessary delays and obstacles in obtaining planning permissions.<\/p>\n

\u201cAt the recent Spring Statement<\/a>, the Chancellor reiterated the government\u2019s plan to invest \u00a344bn to raise housing supply and provided an update on recent developments. Specifically, he mentioned the 44 authorities who have bid into the \u00a34.1bn Housing Infrastructure Fund<\/a> and announced the deal with the West Midlands to commit to delivering 215,000 homes by 2030-31, facilitated by a \u00a3100m grant from the Land Remediation Fund.<\/p>\n

\u201cHe also hinted at further policy announcements at this year\u2019s Budget to address the problem of the gap between planning permissions granted and housing completions. While we don\u2019t yet know the details, construction firms should be keeping a close eye on developments.\u201d<\/p>\n

\n<\/div>","protected":false},"excerpt":{"rendered":"

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