Homes England has missed its delivery targets for the second consecutive year, citing last year’s “deteriorating” economic conditions.

The agency, in its annual accounts for the 2022/23 financial year, funded or supported 33,713 completied homes in the 2022/23 financial year

This meant the agency, which administers programmes including the £11.5bn affordable homes programme, delivered 86% of its main target for completions of 39,008 homes. This year’s figure was also down on the 37,632 figure recorded the previous year.

It missed its target for homes started by 30%, with work beginning on 37,175 homes against a target of 52,967.