Together Housing Group trebled its completions in 2023/24 but also posted a deficit as it was hit by increased operating and fire safety costs as well as an impairment charge.

The 38,000-home housing association, in its financial statement, said it built 1,038 homes in the year to 31 March.

This is exactly three times as many homes as the 346 completed the previous year and is equivalent to 2.7% of the group’s overall stock, meaning it exceeded its 2% development target for the year.