Home Group has increased its development by 42% year-on-year.

The 56,000-home housing association, in a trading update today, said it completed 684 homes in the year to 31 September, up on 438 for the same period the previous year.

The group increased its homes built for affordable home ownership, including shared ownership, from 30 to 207 and outright sale from 47 to 98. This offset a reduction in new homes for social or affordable rent from 283 to 239.