Conroy Brook share latest housing industry facts and stats from the House Builders Federation.
House Building Stats
- We need to build at least 220,000 homes a year in order to meet new household projections. Household projections predict the number of new households that will form over a given time period, in this case between 2011 – 2021.
- There were just 107,820 homes completed in 2012-13, so we are already behind target.
- The construction sector has grown for 14 consecutive months, with companies taking on new workers at the fastest rate for 17 years. (July 2014)
- In the last 40 years the average house price to salary ratio has almost doubled; the price of the average home purchased is now almost 7x the average annual salary of the buyer.
- In 2012/13 England had one of the lowest house building rates since 1923 – there were just 108,190 completions.
- First time buyers are at record lows. Eight out of ten first-time buyers require financial help from family or friends, and the average age of unassisted first-time buyers has soared.
Reasons to buy a new home
- 91% of new home-owners would recommend their builder to a friend.
- 91% were satisfied or very satisfied with the overall quality of their home.
- Since the introduction of the Customer Satisfaction Survey 7 years ago there has been year on year improvement in the industry.
- High build quality.
- Cheaper to run.
- Designed for modern living.
- Environmentally friendly.
- 10 year NHBC warranty.
Help to Buy / New Buy
- Stats released in July 2014 show that 4,357 households bought new build homes through the Help to Buy equity loan scheme in June - the highest monthly total since the scheme was launched in April 2013.
- Over 32,500 households have bought new build homes through Help to Buy and New Buy since the schemes began.
- Over 80% of sales have gone to first time buyers, resulting in a 34% increase in private housebuilding during the first year.
- The countryside is already over-developed/house building is concreting over the countryside. The total area of the country which is developed is 10%. Even in the South East (excluding London) only 12% of land is developed. Of that developed area, a large proportion is parks, gardens and natural environments – in fact only around 2.27% of England is actually built on or ‘concreted over’. Between 2000 and 2010, new housing accounted for just 0.13% of England’s land area.
- There are 700,000 empty homes in England – they should be used to meet housing need. There are actually fewer than 260,000 homes that have been empty for 6 months or more – the others are normal temporary transactional vacancies. In fact we have one of the lowest vacancy rates in Europe.
- It’s not the planning system that is preventing building – it’s the economy. While it is absolutely true that the general economic climate and current restrictions on credit have been a major factor in the housing market since late 2007, there can be no doubt that our historic undersupply of homes – over some 20 years at least – is a result of a planning system which has not been fit for purpose for some time – this was the conclusion of the Barker Review of housing supply back in 2004.
[Source: Home Builders Federation. Gov.uk]