L&Q’s completions have fallen by more than a third in the first half of the year.

The 109,000-home housing association, in a trading update for the six months to 30 September, announced it has completed 1,350 new homes in 2023/24 so far.

This is down on the 2,151 homes completed in the same period last year and is a consequence of L&Q’s decision to cut development from around 4,000 homes to 3,000 homes a year to manage risk and divert spend to existing stock.