Social Housing New Build Spend Up 11% But Repairs Work Drops

The amount of money spent on building new homes in the social housing sector increased by nearly 11% in December but repairs and maintenance spend fell by 6.6%.  The Office for National Statistics’ figures for December found that £587m was spent on delivering new homes in the social housing sector across the month, up by 10.9% when compared with November. The spend across December 2018 also marked a year-on-year increase, up 4.6% when compared with December 2017. The rise in public housing new build spend contrasted with private housing output, which saw a drop of 6.8% on November, and 4.6% when compared with December 2017. Read more on Inside Housing.

https://www.insidehousing.co.uk/news/social-housing-new-build-spend-up-11-but-repairs-work-drops-60142?utm_source=Housing60&utm_medium=email&utm_content=article_link&utm_campaign=H60