Planning permission for new homes hits 5 year high
Published by Anonymous for 24dash.com in Housing and also in Development
Planning permissionImage: via Shutterstock
Planning permission was granted for 52,534 homes across England in 2013's final quarter, the highest quarterly total since Q1 2008.
And across the whole of 2013, 174,471 homes were given planning permission, the highest annual total since 2007.
Last year's figures were up 24% on 2012 and up 51% on 2011.
It total, 885 sites were granted approval in 2013's Q4, the highest quarterly total since Q1 2008.
The statistics were collated by Glenigan for the Home Builders Federation.
Stewart Baseley, HBF executive chairman, said; “The increase in planning permissions will help support a continuation of the big increase in house building activity we have seen since early last year. After some very tough years, that saw housing supply drop to record low levels, it is now increasingly evident that house-building activity is on the up.
“Help to buy equity loan is increasing demand for new homes and the industry is increasing its output as a result. People’s inability to buy in recent years has been the biggest constraint on the industry’s efforts to build more homes. If people can buy, builders will build. Help to Buy is allowing people who can afford to buy a home to do so, meaning builders can get on with building the homes the country needs.
“As a result of this increase in activity, the industry is recruiting a significant number of people and training more apprentices. The supply chain is also gearing up to meet the increased level of demand, generating an economic boost the length and breadth of the country.
“We are though still building at a rate well short of the number of homes the country requires. Government needs to continue to implement policies that result in a rate of house building that meets the country’s housing requirements. Doing so will deliver significant economic and social benefits.”
Allan Wilén, Glenigan’s economics director, added: “Our latest data reveals a further increase in detailed planning approval during the final quarter of last year. This supports expectations of strengthening new housing activity during 2014, with house builders responding to rising demand from purchasers.”