Friday, 28 April 2017

HCA and associations blame slow transition to current affordable regime

Home completions plunge by a quarter

The number of homes built by leading housing associations has plunged dramatically in the last year.

Inside Housing’s annual survey of the top 50 developing housing associations in England lays bare the impact of a building lag caused by a slow transition from the old 2008/11 £8.4 billion affordable housing programme into the Homes and Communities Agency’s £1.8 billion affordable homes programme two years ago.

The exclusive survey, based on how many homes associations have completed and plan to build, reveals that in the 2012/13 financial year, the top 50 only managed to complete 25,634 homes.

This represents a drop of more than 25 per cent on the 34,435 homes completed by last year’s top 50.

The HCA and housing associations attributed the drop to teething problems experienced at the start of the AHP in 2011.

Trevor Burns, assistant director of development at East Thames Group, the highest new entry in the top 50 at 14, said: ‘I think it’s truly worrying really, because demand [for housing] does continue to grow.’

Bob Heapy, chief executive of Town & Country Housing Group, which dropped out of the top 50 this year after its completions fell to 164 from 493, said: ‘The drop in unit completions can be chiefly attributed to uncertainty during the early part of 2011/12, as we awaited the outcome of our affordable homes programme bid.’

Richard Hill, outgoing deputy chief executive of the HCA, said the government will meet its overall ‘aspiration’ of building 170,000 affordable homes by 2015.

He added that the completions figures were not worrying because the number of homes started onsite by the top 50 has risen by more than 10,000 homes from this time last year. This year the top 50 started 27,938 homes, compared with 17,350 homes started in 2011/12.

The survey revealed London & Quadrant retained pole position with 1,444 completions.

However, several associations soared up the table. Sovereign Housing Group rose from 12th position last year to second place this year, while Orbit was up from 13th to third, and Paradigm climbed from 39th to fourth.

What the survey revealed

number of homes completed by top 50 housing associations in 2012/13

25 per cent
drop in completions compared with last year’s top 50

starts in 2012/13, up - a 61 per cent increase on the previous financial year

Readers' comments (6)

Comments are only open to subscribers of Inside Housing

Already a subscriber?

If you’re already a subscriber to Inside Housing, your subscription may not be linked to your online account. You can link your subscription from within the My Account section of the website and clicking on Link My Account.

Not yet a subscriber?

If you don't yet subscribe to Inside Housing, please visit our subscription page to view our various subscription packages.

Have your say

You must sign in to make a comment

sign in register


Newsletter Sign-up



  • Profits and completions soar for Redrow

    8 February 2017

    House builder Redrow posted record pre-tax profits and a surge in completions in the second half of last year.

  • Kier set for 2,200 completions

    27 January 2017

    House builder and contractor Kier Group is on track for more than 2,200 completions this year, a positive trading update revealed.

  • Completions up 4% for Persimmon

    5 January 2017

    Completions were up 4% for one of the UK’s largest house builders last year, a percentage increase half the size of the previous year’s .

  • Homelessness rises in first quarter

    30 June 2016

    The number of homeless households in England has increased by 9% in the first quarter of the year, compared with the same period in 2015.

  • Completions drop 3%

    26 May 2016

    The number of homes built in the first three months of this year decreased by 3% compared to the same period last year.

IH Subscription