Clarion Housing Group’s completions in 2023/24 have fallen 24% year-on-year, as it takes a more “cautious” approach to development

The 125,000-home housing association giant, in an unaudited trading update, confirmed it completed 1,538 homes in the year to 31 March, down on the 2,032 recorded for the previous year. The figure is also below its initial annual target of 2,161 completions.

The reduction had been expected following a similar percentage decrease for the first half of the year.