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Housing supply data

ended 15. September 2022

New data issued on housing supply this morning published here. Key points below. Any thoughts, send them across ASAP.

  • According to building control figures, between 1 April and 30 June 2022, the number of dwellings where building work has started on site was 51,730 (seasonally adjusted). This is a 21% increase when compared to the previous quarter and is a 15% increase when compared to the same quarter of the previous year.
  • The number of dwellings completed was 44,940 (seasonally adjusted). This is a 3% increase when compared to the previous quarter and is a 6% increase when compared to the same quarter of the previous year.
  • In 2020-21, there were 216,490 net additional dwellings. This is an 11% decrease when compared to 2019-20.
  • In the quarter ending June 2022, there were 63,910 new dwelling EPCs lodged. This is a 6% increase when compared to the same quarter last year.
  • In the year ending June 2022, there were 243,200 new dwelling EPCs lodged. This is a 4% decrease when compared to last year.
  • In 2021-22, there were 232,710 net increase in the number of domestic properties with a council tax band. This is a 15% increase when compared to 2020-21.

6 responses from the Newspage community

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Malcolm Davidson
Director at UK Moneyman
One major worry is that our new PM seems against the very idea of housebuilding targets. Whatever your political persuasion, though, our population is growing exponentially but housebuilding hasn’t kept up and we have seen property prices rise in the region of 20% since Covid alone. This is simply not sustainable if we want to continue to be a nation of homeowners. What we need is a clear vision and plan, utilising all available new technologies to enable the UK to embark upon a long period of building the homes we desperately need, including re-purposing buildings in our crumbling city centres.
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Imran Hussain
Director at Harmony Financial Services
For decades, we have failed to build enough homes. Successive governments have promised much but delivered little. From planning to PMs, all we seem to get is empty promises. We need to stop looking for excuses and start providing people with the skills and expertise to build. We should potentially consider looking at training schemes to be bought back into schools that will allow for a skilled workforce to build the homes we need. We also need to urgently address the sepia-tinted planning process, which is preventing the new homes we need from being built.
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Rhys Schofield
Brand Director at Peak Mortgages and Protection
If you cut through the numbers that look big on paper, the UK needs to build 340,000 new homes a year until 2031. The Government's own target is 300,000 a year. These latest numbers all fall well short, meaning that house prices can only be forced in one direction. With the lack of urgency around housebuilding, having a place to call your home is becoming increasingly out of reach for many people.
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Mark Robinson
Managing Director at Albion Forest Mortgages
More properties are desperately needed. There is still competition for properties like we were seeing six months ago. More and more first-time buyers want to, or have to, buy a home due to their landlord selling up, or rents increasing at an astronomical rate. In many cases, parents and grandparents are helping by gifting deposits or through the Joint Borrower Sole Proprietor scheme, often drawing on funds from their savings, pensions or via Equity Release. But too many people have a deposit and no property to buy due to the lack of available supply.
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Alastair Hoyne
CEO, Finanze Capital at Finanze Capital
These newly released figures highlight the build-cost inflation battering the industry. Soaring construction costs brought about by supply chain issues and fuel price hikes continue to squeeze the profit margins of the UK's property developers. As we track the imbalance in the housing market, we still observe the very high demand for housing, which continues to put pressure on prices. However, such a minimal increase in new dwellings that were delivered in July still can't push the ongoing undersupply to recovery even if there's a slight improvement in the total pipeline.
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Ashley Thomas
Director at Magni Finance
With current demand still outweighing supply for property, the increase in the number of dwellings will always be welcome. There has been a shortage of stock for a while now, so these figures should be seen as a positive for those who are looking to purchase.