Orbit sees housing completions rise 19%

balance sheet accounts

Materials and labour shortages mean growth was slower than expected for 47,000-home social landlord

Orbit Group saw its housing completions rise by 19% in the last financial year, despite facing headwinds from rising construction costs.

The 47,000-home social landlord, based in Coventry and focused on the Midlands and South-east, said it built 1,013 homes in the 12 months to March this year, up from just 848 as it expands production to meet a target to complete 6,500 homes over the five years to 2025.

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