The construction industry has been working hard over the last year, as recent figures show housebuilding starts increased by 15 per cent in the second quarter of 2022, in comparison with the same period last year. 

Between April and June 2022, 51,730 homes were under construction, according to the latest data from the Office for National Statistics (ONS). 

Property Industry Eye reported the number of completed homes increased by six per cent compared with Q2 in 2021, rising to 44,940. Not only does this demonstrate growth over the year, but it is also three per cent higher than results from Q1. 

While the figures are impressive, managing director at mortgage broker Peak Money Rhys Schofield noted that they “all fall well short” of the government’s targets of 300,000 a year. 

“With a lack of urgency around housebuilding, having a place to call your home is becoming increasingly out of reach for many people,” said Mr Schofield. 

Despite the rise in housebuilding starts over the 12 months, last year’s results were particularly low because of the slump during the pandemic. Indeed, the net increase in homes fell 11 per cent in 2020-21, compared with the year before. 

Earlier this year, Homes England revealed there were 37,164 houses completed during the period between April 1st 2021 and March 31st 2022, which is little over one-tenth of the target. 

Peter Denton, chief executive of Homes England, said, despite this, the results show “the incredible strides the housing industry has made to recover from the slowdown and subsequent supply issues caused by the Covid-19 pandemic”. 


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