New Homes: Where Is The Supply Being Concentrated?

Since the seventies, housing starts and completions across England and Wales have been on a downward trajectory. The long run average over the last 50 years has been around 180,000 per annum, with the highest numbers being achieved at the start of this period and the lowest in the immediate aftermath of the global financial crisis of 2007/08. Over the last few years government initiatives, including the Starter Homes Fund, Housing Zones and Get Britain Building to name a few, have been launched to help stimulate the house building industry. This plus a recovery in the housing market has resulted in a pick-up of supply taking both starts and completions in line with each other at about 150,000 in 2015/16. Read more on Estate Agent Today.