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Are UK housing volumes returning to pre-recession levels?

With so many government initiatives aimed at boosting the supply of new homes, are we starting to see housing volumes increase or are they still stagnating? Let’s look at what the facts show us.

According to the latest update from the Office of National Statistics, 43,920 new homes were completed in the second quarter of 2015. That’s the highest figure since the second quarter of 2008 when volumes were still falling from the 2007 peak.

Despite the apparent rebound in completions since they bottomed out in 2012/3, the overall level of delivery is still some way considerable way below the 2007 peak. Even then, completion volumes didn’t make it above the 62,000 per quarter level that is needed to meet housing need. As the graph below clearly shows, we haven’t delivered homes at that level since the 1970s.

Housing Completions - Q2 2015

So while things are looking up, there is still some considerable way to go – which leaves plenty of opportunity for The Strategic Land Group to help you secure planning permission on your site, at our cost and our risk. Get in touch now to find out how we can help!

 

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