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In 2024, housebuilding activity in England showed both increases and declines, reflecting various factors in the housing market.
House Completions in 2024
In the second quarter of 2024, 42,590 homes were completed (seasonally adjusted), marking a 12% increase compared to both the previous quarter and the same period in 2023. This growth demonstrates recovery and progress in addressing housing demands
House Starts in 2024
Conversely, housing starts totaled 22,990 in the second quarter of 2024, a modest 2% rise from the prior quarter but a striking 65% drop compared to the same quarter in 2023.
The significant year-on-year decrease is attributed to builders accelerating project starts before new regulatory standards on energy performance and electric vehicle charging took effect in mid-2023.
This regulatory shift had previously caused a spike in starts during Q2 2023
Broader Context
The UK’s annual housing supply targets, such as the goal of delivering 300,000 homes per year, remain challenging.
Historical averages and the private sector’s predominant role in housebuilding mean sustained efforts, including regulatory adjustments and infrastructure investment, are needed to meet housing demands
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