Quarterly figure lowest for 13 years, finds report by HBF and Glenigan
The number of homes granted planning permission has fallen 22% year-on-year.
Data from The Homes Builders Federation (HBF), based on figures from Glenigan, show a total of 48,022 homes were granted planning permission in April to June, down on the 62,647 approvals for the same period the previous year.
The quarterly figure is the lowest for 13 years.
Neil Jefferson, chief executive at the HBF said the figures “”reflect the true state of play for the home building industry”.
He said: “Mounting pressures are limiting viability as rising regulatory costs and taxes are being compounded by delays in processing planning applications making it increasingly challenging to operate, particularly for the nation’s smaller builders. Meanwhile, a lack of affordable mortgage lending is suppressing demand for new homes, particularly amongst young people.”
He added: “Ministers need to look beyond tweaks to the planning system and take a proper look at the market fundamentals that ultimately determine how many homes can be built.”
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