building numbers

Jim Pickard

Bad news for the government – and terrible timing given the massive cuts to housing budgets in yesterday’s CSR. Figures released today reveal that the net number of homes added to the housing stock in England fell to a record low in 2009-10, down 23 per cent on 2008/9.

Just 128,680 net additional dwellings were provided compared with around 167,000 in the previous year. This figure is even lower than the previous record low of 130,510.