England Home Approvals Fall to Lowest Level Since 2012, HBF Says
HBF said 45,315 homes were approved in Q2, leaving annual permissions 42% below the level needed to meet government housing targets.
- Planning approvals for new homes in England fell to the lowest quarterly level since 2012, with just 45,315 residential units securing permission in the second quarter, according to Home Builders Federation data.
- Annual approvals reached 214,515, an 8% decrease from the previous year and 36% below 2017 levels, representing just 58% of the government's National Planning Policy Framework target of 370,000 homes yearly.
- HBF chief executive Neil Jefferson said the report shows "a housing pipeline being squeezed to historically low levels," citing higher taxes and policy requirements making more sites unviable while demand remains weak.
- Addressing housing costs, Andy Burnham recently announced the "Your First Home" scheme, offering savers a mortgage with a 2.5 per cent deposit and a loan covering 20 per cent of the property's value.
- While Jefferson welcomed the announcement as a "hugely welcome step," the federation is calling for a moratorium on further costs, including the Building Safety Levy, which is due to take effect next month.
13 Articles
13 Articles
Housing approvals hit lowest point since 2012, new data shows
The Architects’ Journal Housing approvals hit lowest point since 2012, new data shows Planning approvals for new housing projects in England fell to their lowest level since 2012 in the second quarter of this year, Home Builders Federation data shows The post Housing approvals hit lowest point since 2012, new data shows appeared first on The Architects’ Journal Josh Butler
The Independent
The Independent (US)New UK home approvals hit a 14-year low
One industry leader commented that there are ‘too few planning permissions coming forward to meet the country’s housing needs’
Planning approvals for new homes figures collapse to new low according to HBF
Planning approvals for new homes figures collapse to new low according to HBF: New figures analysed by the Home Builders Federation (HBF) show the number of new homes receiving planning permission has fallen by 21% in the last quarter
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