Homes England’s housing programs have resulted in 38,436 new homes being started on the site and 37,164 homes completed between 1 April 2021 and 31 March 2022, as the sector begins to recover from the Covid-19 pandemic.
The numbers show:
- The percentage of affordable housing that has been started and completed has increased from the previous year
- An increase in both start-ups and completions as a result of the recovery in home construction activity after the slowdown caused by the Covid-19 pandemic.
Homes England’s housing programs have seen an overall increase in starts and completions in 2021-22 compared to the previous year, according to official statistics released today (23 June).
Last year, 38,436 new homes were started on the site, and 37,164 homes were completed between April 1, 2021 and March 31, 2022. Three-quarters (72 percent) of start-up homes (27509) were for affordable homes. This is a 2 percent decrease from the previous year, but this was expected due to the closing of bids for the Condominium and Affordable Homes Program (SOAHP) 2016-21 and the gradual build-up of starts from the newly launched Affordable Homes Program (AHP) 2021- 26.
Of the completed housing stock, 26,485 (71 percent) were affordable homes, which is an 11 percent increase from the previous year.
A total of 5,606 affordable homes started in 2021-2022 for affordable rent. There were 4,778 start-up schemes including co-ownership and lease-to-purchase. 15,144 housing units have been identified as “Affordable Tenure TBC” homes, where the final tenure category is not known until completion. The remaining 1,981 were for social rentals, a 23% decrease from the previous year.
Of the affordable homes completed, there were 13,929 homes designated for affordable rents, an increase of 5 percent from the previous year, and 9,479 homes under the affordable intermediate housing schemes. The remaining 3,077 were social rent, up 62 percent from the previous year.
Peter Denton, chief executive of Homes England, said: “The statistics released today show the incredible strides the housing industry has taken to recover from the slowdown and subsequent supply problems caused by the Covid-19 pandemic.
“Over the past we have started receiving applications for grant funding through the new £8.6 billion Affordable Home Program and announced a new tranche of 31 strategic partnerships that we have formed that will provide partner organizations from the public and private sectors with the tools they need to plan and act strategically. , to form their communities and build up to 90,000 new homes.
“Housing is an essential part of Leveling Up, and as we continue to support the government’s ambitions in this area, our work with partners across the sector will be key to creating the homes and neighborhoods the country needs, in the places people want to live.”