Monday 3 July 2017

Associations Blame Brexit For Fall In Completions

The number of homes built by the 50 biggest associations dropped by 3.4%, from 31,988 to 30,906. This was a less dramatic fall than the previous year, when numbers fell by 20%. This compares to more thorough data covering 82% of housing associations released in May by the National Housing Federation, which showed associations started 47,709 homes of all tenures and completed 38,082 in the year to April 2017. This was a rise of 13% in terms of starts and a fall of 5% in completions. Many in the sector remain optimistic, though, predicting more completions for the coming year than they did in last year’s survey. Overall, the top 50 expect to build 38,005 homes in 2017/18. Sites are secured on 91% of these. Read more on Inside Housing.

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