A total of 10,592 new homes were started through programmes run by the Homes and Communities Agency in the first 6 months of this financial year, while a further 9,471 new homes were completed, according to the latest housing statistics published by the Agency today.
The statistics for the first 6 months of this financial year show that 7,572 of the starts (71 per cent of the total) were for affordable homes; while 3,020 were for market homes.
The totals for the first half of this year are in line with Agency expectations, given the transition between programmes and spending periods. The 2015 to 2018 Affordable Homes Programme (AHP) accounted for 91 per cent of the affordable homes started in the first 6 months of 2015/16.
On completions, affordable housing (6,447) represented 68 per cent of the total reported. The number of market homes completed was 3,024.
The figures do not include homes completed with the assistance of the Help to Buy equity loan, which is administered by the HCA but are due to be reported separately by the Department for Communities and Local Government on 9 December 2015.
All of these programmes and homes contribute to overall housing supply and help to meet a range of housing priorities in local communities.
HCA Chief Executive, Andy Rose, said:
“The performance over the first six months reflects the early stages of a new programme. Given the significant housing investment announced in the Spending Review last week, we look forward to working with our partners to help deliver Government’s ambition for housing supply, home ownership and strong local places.”
The housing statistics present the housing starts on site and completions delivered by HCA programmes in England. This excludes London, with the exception of the Get Britain Building, Build to Rent and Builders Finance Fund programmes, which the HCA administers on behalf of the Greater London Authority (GLA).