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Housing Today
Trusted media brand of the Chartered Institute of Housing
Associations’ development spend 35% below forecast as supply chain issues bite
Planning delays and labour and material shortages hit housing associations’ quarterly development spend, but 38% ‘catch-up’ expected over next 12 months
Housing associations in England spent 35% less than they expected on developing or acquiring new homes in the last quarter of 2021/22 amid continuing supply chain pressures and cost increases.
The Regulator of Social Housing’s (RSH) latest quarterly survey shows associations spent £2.9bn on development in the quarter to 31 March. This was 35% below the £4.6bn they had originally envisaged spending.
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