Housebuilding reaches eleven year high

New figures show that housebuilding has reached an 11-year high, as we help more families to achieve the dream of home ownership. 

Key facts: 

  • Annual new build dwelling completions totalled 169,770 in the year to March 2019. This is up by 6 per cent compared with the year to March 2018 and represents the highest level since the year ending September 2007. 
  • To help more people onto the housing ladder we have cut stamp duty for 95 per cent of first-time buyers and are investing £44 billion to deliver on average 300,000 homes per year by mid 2020s. 

Why this matters:

We believe that everyone who works hard should have a home of their own, which is why we are focused on building the homes that this country needs.

It is a key point about being fair to the younger generation - at the moment the soaring cost of housing is making it extremely difficult for young people to get onto the housing ladder and build a stake in society. This problem must be dealt with and that means more homes are needed: in the places people want to live, the sort of homes they want to live in, and with safe and sustainable access to those homes

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