Government welcomes house building boost
The latest housebuilding figures today show starts have more than doubled since those seen during the same period in 2009 – with both starts and completions rising over the past year.
The numbers of homes completed has also risen sharply, to their highest levels for nearly 6 years, paving the way for more jobs in the building construction trades.
The 2008 economic crash devastated the housebuilding industry, leading to the loss of a quarter of a million construction jobs.
That’s why the government has made housebuilding an important part of its long-term economic plan, with a range of measures introduced to get the country building again.
In the year to March, work started on 140,500 homes – 5% higher than during the previous year.
Over 40,000 homes were started between January and March this year – 31% higher than the previous quarter, and 136% higher than the March quarter in 2009.
It means housing starts are at their highest level since 2007.
Housing Minister Brandon Lewis said: “Housebuilding is at the heart of our plan to ensure the recovery reaches all parts of our country. We’re turning around an industry that was devastated and getting the country building again.
“Today’s figures show these efforts are reaping results, with housebuilding starts having more than doubled since 2009, and completions at their highest for nearly 6 years.
“It is vital we maintain this momentum, getting workers back on sites and homes built – giving more people the chance to own their own home.”
The figures also show 125,110 homes completed between April 2014 and March this year – 11% higher than the previous year and their highest annual total since 2009.