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10th October 2016
The number of planning permissions granted for new homes in Q2 of this year remained high. The HBF and Glenigan’s latest Housing Pipeline report shows that, at 74,400 homes, the number of units approved during the quarter was unchanged on the first three months of 2016 and 24% up on the same period last year. The year on year rise was driven by 34% increase in the number of private housing units approved. In contrast 29% fewer social housing units were approved.
Whilst many of these permissions may still have some way to go before builders can start building them, the figures are a strong indicator of potential future supply.
Permissions have risen steadily every year since 2009, with actual housing supply also increasing markedly over the past two years as more of the permissions have progressed to the point where builders can begin building.
At 2,616, the number of private sector housing projects (schemes of 3 or more units) securing approval during the second quarter was 1% down on the first three months of the year, but 4% up on the same period a year ago.
The North East, South West and Scotland recorded the sharpest rises, being 65% 58% and 93% up on a year ago. In contrast unit approvals were lower in the East Midlands, Yorkshire & the Humber and Wales.
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