Planning Permissions Stay High

There were 355,000 planning permissions granted in the year to June 2018, but the government’s 300,000 target for the housing supply remains a way off, according to an industry report. The Home Builders Federation and construction data provider Glenigan’s latest joint Housing Pipeline report shows the number of permissions for the last year is hovering around 2016/17’s record levels. It states the number of permissions is a good indicator of future housing supply however, housing supply for 2016/17 was 217,000, 72 per cent of the government’s target of 300,000. Read more on the Mortgage Strategy website.

https://www.mortgagestrategy.co.uk/planning-permissions-stay-high-but-supply-still-far-off-300k-target/