The Home Builders Federation’s latest housing pipeline report shows that planning permission for 361,971 new dwellings was granted from October 2017 to October 2018.
The HBF boasts that the 361,971 approved builds surpasses the government’s request of 300,000 properties annually.
The federation’s report adds that the permissions were on 21,848 different sites which is the highest ‘moving annual total’ since the series started in 2006, and says that “spreading” housing across an increased number of sites enables more SME builders to contribute to solving the nation’s housing shortage.
The firm says that builders are continuing to invest heavily in the people, supply chain and new technologies, although there is concern for the economy, confidence of new buyers and access to skilled foreign workers among the looming effect of Brexit.
HBF executive chairman Stewart Baseley says: “The industry has delivered unprecedented increases in housing supply over recent years and is continuing to invest heavily in the land and people needed to go further.
“The recent confirmation of an extension to the HTB scheme provides further certainty and confidence for builders in future demand.
“This is enabling them to invest in more sites, their supply chains and recruit and train more people, boosting local economies across the country.
“The industry continues to push government for confirmation that it will have ongoing access to skilled labour from abroad post Brexit, which will be key to its ability to build out these sites.”