Housing Supply Up By 25%
The housing supply in England increased by 25% from 2014-15, the latest Net Supply of Housing Report has revealed.
Today’s housing supply figures, released by the Department for Communities and Local Government (DCLG), will invoke a collective sigh of relief in the housing market, after it was shown that there were 170,690 net additional dwellings (new-build, conversions and additional homes) created in 2014, after five consecutive years of dwindling figures.
This has been primarily driven by over 155,000 new build housing completions: by far the highest figure seen in the past six years.
Across the UK, there is an ever-growing gap between supply and demand, which threatens to drive up house prices and derail affordability.