Trusted media brand of the Chartered Institute of Housing
Trusted media brand of the Chartered Institute of Housing
Inflation and labour shortages derail association’s plan to build 1,100 affordable homes in 2021/22 but it boosts turnover through strong sales
LiveWest has become the latest housing association to miss its development target for 2021/22, citing inflation and shortages of labour and materials.
The 38,000-home association, in its financial statements for the year to 31 March, reported that it completed 800 affordable homes in 2021/22 around 72% of its original 1,100-home target for the year.
It said: “Our development programme continued to be impacted by the pandemic which together with material and labour shortages resulted in significant handover delays.”
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