Figures in HBF and Glenigan’s latest Housing Pipeline
report show that permissions in principle for over 195,000 new homes in England
were granted in 2014, up 12% on the previous year and 39% on 2012. The number
of permissions for private homes was up 23%. The homes identified in this
latest report will, once they have navigated the remainder of the planning
process, in the main be completed over the next 2-3 years. Over the past 18 months, house building
activity has increased significantly, with figures showing the number of new
homes started in 2014 was up 36% on 2012.
As demand for new homes continues to increase, due to improved consumer
confidence and the Help to Buy equity loan scheme, existing sites are getting
built out quicker and so builders are looking to get on to more new sites more
quickly than before. Read more on the HBF website.
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