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Housing Today
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Housing associations’ development spend hit by supply chain issues
Regulator reports constrained development in second quarter but ‘record’ spend forecast for next 12 months
Housing associations’ spend on development was lower than forecast in the second quarter of the financial year due to supply chain issues, the Regulator of Social Housing (RSH) has said.
The RSH, in its latest quarterly survey of 209 providers, said spend on associations’ new and existing stock in the three months to 30 September amounted to £2.9bn. This was 32% lower than forecast and 7% down on the same period last year.
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