planning permissions
Marijana No Comments

Over 350,000 planning permissions were granted for houses across England last year, the highest since at least 2006.

According to a report from the Home Builders Federation (HBF) and construction data firm Glenigan, planning permissions were granted for 351,169 new homes in 2017, a 21 per cent increase on the previous year.

The number of permissions granted last year is the highest since HBF and Glenigan started keeping records in 2006.

Housing minister Dominic Raab MP said:

“It’s great to see planning permission being granted for more than 350,000 properties last year – and double the number in 2010.

“We are very keen to do more to get Britain building which is why we’re reforming planning rules and investing billions in affordable housing and the infrastructure communities need.”

Stewart Baseley, executive chairman of the Home Builders Federation said: “The record number of applications being submitted and approved is a clear demonstration of the industry’s commitment to ramping up housing supply even further than the unprecedented increases of the last four years.”

The record results come as the April IHS/Markit purchasing managers’ survey showed that house building has led the UK construction industry to a five-month high.

The survey revealed that residential construction work was by far the best performing category last month, with the rate of growth reaching its strongest since May 2017.

“The residential development pipeline remains strong,” said Glenigan’s economics director, Allan Wilen. “The increase in approvals bodes well for potential new housing activity over the coming year as housebuilders are able to bring forward development on these new sites in response to demand.”

Source: City A.M.

Leave a Reply

Your email address will not be published. Required fields are marked *