Local Authorities spread approved permissions over a record high of 21,484 different construction sites
The number of new homes being granted planning permission increased by over 2% in the year to October 2018, the latest Housing Pipeline report reveals.
According to the report, published by the Home Builders Federation (HBF) and Glenigan, a total of 361,971 new homes secured planning approval in Q3 2018, compared with 353,693 in Q3 2017.
It also found that the granted permissions were spread across a record 21,484 different construction sites, representing the highest “moving annual total” since the report was established in 2006.
The HBF welcomed the results, as they indicate that Local Authorities are relying less on a small number of large construction sites in favour of a greater number of smaller sites, whilst also working with more SME developers and builders.
Alongside the report, the HBF noted that the extension of Help to Buy, announced in October’s Budget, will reinforce confidence in the construction industry as it seeks to push the new homes with approved permissions through the planning system.
It notes that the industry is working to enable it to help the government achieve its annual house building target by investing significant amounts in its labour force, supply chains, and new technologies.
Commenting on the report, the HBF’s executive chairman Stewart Baseley said, “Today’s figures clearly show the commitment of the industry to delivering further increases in housing supply.
“The industry has delivered unprecedented increases in housing supply over recent years and is continuing to invest heavily in the land and people needed to go further.”
Research published towards the end of 2018 by MRI Software suggested that the UK’s housing shortage could be tackled by converting empty retail spaces into new homes.