Housebuilding at its highest since 2008

According to Insider, British house building has reached its highest peak since the start of the recession, with construction on 32,230 properties beginning from July to September 2013.

Government statistics for the past three months indicate housing starts have increased by 16 per cent compared with the same period in 2012, rising from 101,280 to 117,110, the highest since the economic downturn in 2008.

 

More than 20,000 homes have been reserved or sold through the government’s new Help to Buy: Equity Loan and Right to Buy schemes.

 

The highest number of reservations for new homes came from Leeds, Wiltshire, Milton Keynes and Reading, with the councils of Birmingham, Leeds, Sandwell and Sheffield leading reporting the highest Right to Buy sales.

 

Some of the highest rates of house building took place in Southampton, Cambridge and East Devon.

 

Commenting on the figures, Kris Hopkins, minister for housing, said: “These figures show we’re building at the fastest rate since the crash in 2008, more people are securing a place on the housing ladder, and we’re delivering tens of thousands of affordable homes across the whole country.

 

“But there’s still more to do, and improving the housing market will remain a top priority. That means getting builders back on site, delivering new housing, more jobs and ensuring every hard working family has a place they can call home.”

 

 

Original article can be viewed at: http://www.insidermedia.com/insider/national/103293-housebuilding-its-highest-2008

Close