New Government figures in the UK show nearly 200k homes were added to the housing stock in the last financial year.
This confirms the Government’s plan to deliver one million homes in this parliament is on track.
The numbers, generally accepted as the most accurate barometer of housing supply, clearly demonstrate the house building industry is responding to Government policies aimed at stimulating supply.

They show there has been a 52 per cent increase in housing supply over the past three years.
The new figures show overall housing supply from April 2015 to the date of the General Election was 200,070 up 10 per cent.Once demolitions are taken off there were 189,650 net additions to the housing stock, up 11 per cent.163,940 new build homes were built, up six per cent.

Due to planning reform house-builders increased office to residential conversions to 12,824.To achieve the Government’s ‘one million homes in this parliament’ target, output needs to average 200k homes a year.
The new figures, effectively covering the first year of the parliament, show recent increases in housing delivery have been sustained and built on, with all indicators suggesting further increases will occur.
A recent construction report stated it takes on average more than six years for a large site to receive full consent in terms of planning permissions. These are currently running at C275k a year, providing a strong forward indicator of future supply.Planning permissions are generally built out over the next three to five years depending on size of site and advanced infrastructure requirements.
The Government’s Help to Buy scheme has now delivered almost 100k sales.
Speaking today, Stewart Baseley, executive chairman of the Home Builders Federation said: “These figures provide the best evidence to date as to how much house builders have ramped up housing supply. The Government’s ambitious target to build one million homes over the course of this parliament is now within reach.”
Grahame Anderson

Previous articleMattis is nominated for the Pentagon
Next articleNorth America’s First Edible-Insect-Only Market Opens in Maine
Thomas Channeton
He is a freelance journalist who has actively worked on various environmental issues. He had covered the Clean Water Act amendments and the Superfund legislation which ultimately became the basis for the Clean Air Act which was promulgated in 1990. After that, he also covered the Food Quality Protection Act which was promulgated in 1996. As a freelance environmental reporter he also delved into the oil issue in North Dakota which altered the energy portfolio of the nation. He is also passionate about the various climate changes occurring around us and has reported about the harmful effects of global warming on the environment.