Record low housing numbers reveal scale of the crisis

Figures released today reveal that the net number of homes added to the housing stock in England fell to a record low in 2009-10, down 23% on 2008/9.

Just 128,680 net additional dwellings were provided last year compared with around 167,000 in 2008/9. This figure is even lower than the previous record low of 130,510. Fewer net additional dwellings were supplied in the 2009-10 financial year than in the previous year in every English region. The North West saw the largest annual decrease (38 per cent), followed by the South East (32 per cent).
new build data

The figures were published by the DCLG just a day after the current Government announced large cuts to housing budgets in their spending review. House builders across the country have been warning the Coalition that action is needed to halt the decline and avoid deepening the housing crisis.

They have warned that having scrapped housing targets five months ago there has not been a quick enough introduction of the promised national planning framework and house building incentive –The New Homes Bonus.

This hiatus has been exacerbated by falling mortgage availability and yesterday’s announcement that Government housing funding has been slashed has added to fears.

Stewart Baseley, Executive Chairman of the HBF, said,

“There is no doubt that the previous planning system was not succeeding in delivering enough homes – but housing delivery, crucial to solving the housing crisis, is not yet increasing and in many areas has actually fallen.
“These figures reveal the extent of the housing supply problem and the need for real action now – cutting red tape and implementing incentives so we can build the homes the country needs.”


You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

AddThis Social Bookmark Button

4 Responses to “Record low housing numbers reveal scale of the crisis”

  1. […] This post was mentioned on Twitter by Paul Sailes and Sharon Crossland , Rick Gorod. Rick Gorod said: Record low housing numbers reveal scale of the crisis: House builders across the country have been warning t… http://tinyurl.com/2bl7m7j […]

  2. I can not understand why the current government is ignoring all this data. Lets hope they are planning huge changes in the comming years

  3. It will be interesting to compare these figures against the 1970’s when mortgages were difficult to get.

  4. New building regs are harder than ever to meet, more expensive materials, inflexible loans and higher fuel prices all mean that builds will be far more eye watering to fund than ever. And land has never been harder to come across at viable prices.

    I don’t think that this will improve for some considerable time… Sorry to be all doom and gloom. The lack of supply is the main reason house prices recovered so quickly after the dip in 2008.

Leave a Reply

«
»