More than 350,000 new homes were granted planning permission in 2017 emphasising the commitment of house builders to deliver more homes in the years to come. Home Builders Federation and Glenigans latest housing pipeline report revealed that housing supply is up 74% in the past four years with more than 217,000 new homes completed last year.
351,169 permissions were granted throughout England in 2017, which was the highest amount since Home Builders Federation and Glenigan started the housing pipeline series in 2006. Another promising statistic revealed the number of plots approved in 2017 was 35% higher than it was in 2006.
Stewart Baseley, executive chairman at the Home Builders Federation states:
“The number of applications being submitted and approved is of a record high number! This reflects a clear demonstration of the industries commitment to increasing the housing supply even more than the exceptional increases of the last four years.
In order to build more homes, more land needs to come through the planning system quicker, and to include a wider range of sites.”
Allan Wilen, economics director at Glenigan, added:
“The residential development pipeline remains strong. There has been a 21% increase in approvals during the fourth quarter of 2017 taking the total to 351,169. The increase in approvals promises potential new housing activity over the coming year, as householders are able to bring forward development on these new sites in response to demand.”
by Liam Keighley