T
he variety of planning permissions granted throughout England for brand spanking new homes has fallen to a file low, new figures counsel.
The Home Builders Federation (HBF) mentioned planning permissions continued to fall “sharply”, with the variety of properties permitted in first half of 2023 down by 19%.
The newest knowledge confirms business warnings that within the midst of an more and more “anti-development” coverage setting and worsening financial system, the variety of properties constructed within the coming years may fall to file low ranges, mentioned the HBF.
Around 2,456 initiatives had been granted planning permission throughout the second quarter of the 12 months, the bottom since related information started in 2006, mentioned the report.
This quantity is 10% decrease than the earlier quarter and 20% decrease than a 12 months in the past.
The federation that if the pattern continues it is going to result in a discount in housing supply of 44,000 properties a 12 months which might see housing provide for England fall to ranges not seen for a decade.
Stewart Baseley, government chairman of the Home Builders Federation mentioned: “Over recent years the policy environment has become increasingly anti-development and anti-business and as a direct result we are seeing a sharp fall in the number of homes being built.
“The Government’s capitulation to the NIMBY lobby on planning, its mishandling of water legislation and amidst a lack of mortgage availability the lack of support for first time buyers could see housing supply drop markedly in the coming years.
“Fewer homes being built amidst an acute housing crisis has clear social implications, in particular for young people, and will reduce economic activity and cost jobs.”
