Friday, 26 May 2017

Housing Association Development Starts Rise 13%

The number of new homes started by housing associations rose 13% to almost 48,000 in the last financial year, figures on the sector’s output reveal. Data released by the National Housing Federation (NHF) shows associations started 47,709 homes of all tenures and completed 38,082 in the year to April 2017. The NHF started surveying its members last year to gain a “complete picture” of the sector’s development output, due to “long-standing problems” with the official government figures. The figures are based on responses from 82% of developing housing associations. The number of completions dipped 5% in the year, representing the slowdown in development starts 18 months ago following the surprise four-year rent cut. Read the full briefing on the NHF website.

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