6% drop in supply of new homes

03/11/11

By Matt Gibson

There was a 6 per cent fall in the supply of new homes in England over the last 12 months, according to data from the Department for Communities and Local Government (CLG).

The statistics show that the yearly housing supply accounts for 121,200 net additional properties from April 2010 to March 2011.

This translates to a drop of 6 per cent on the 128,680 net additional homes supplied over the last 12-month period, and compares with a more pronounced slump of 23 per cent in the year prior to that, the CLG said.

The supply of housing in England is calculated by taking the absolute change in dwelling stock, including the number of finished new house builds and gains or losses through conversions and changes of use, and subtracting demolitions.

The most recent new homes figure can be derived from 117,700 new-build homes, 5,050 additional homes resulting from conversions, 11,540 extra homes resulting from a change of use, in addition to 1,810 other gains minus 14,890 homes that have been demolished.