Net Housing Supply Drops

 

The latest information released by the HBF, following analysis of the data published today by The Department for Levelling Up, Housing and Communities regarding housing supply statistics, show that the annual net housing supply in England fell to 216,490 in 2020-2021.

The figures represent the first annual fall in net supply since 2012/13 (With the early impact of the coronavirus pandemic affecting completions).

In the 12 months to the end of March 2021, 222,250 homes were completed in England. This comprises of:

  • 194,060 new build homes
  • 23,790 changes of use between non-domestic and residential, 10,603 of which were through PDR
  • 3,870 conversions between houses and flats
  • 530 other gains (e.g. caravans, house boats)

Although new build completion figures are down by 25,000 (11%) on last year, the number of new build completions remains relatively high as compared to figures over the last 15 years.

New build completions are the largest component of net additional dwellings, accounting for 90 per cent of the net change.

Statistics        Credit: HBF November 2021