Mortgage

Housing Secretary vows to “built, baby, build” before a developer meeting – Mortgage Strategy

New Housing Minister Steve Reed vowed to “built, baby, build” ahead of a key first meeting this week with the UK’s largest developers and home builders.

According to the Telegraph, Reed told senior civil servants over the weekend that it would be the mantra of his new post.

He added that he intends to “go to the next stage to unleash one of the largest architectural eras in our history”.

The Housing Minister will meet with major developers later this week to discuss the next phase of UK planning reform.

He should tell them: “I will spare no effort to build the houses that Britain desperately needs.”

The Ministry of Housing has determined that as many as 1.4 million homes have been licensed but not yet built.

The government vowed to build 1.5 million homes over the next four years, the country’s largest home construction program since the 1970s.

Reed’s comments come after a series of disappointing housing construction data from the National Bureau of Statistics last week.

Digital agencies say there are 38,780 new homes between January and March.

In the first quarter of this year, 21% fewer homes were built and completed than in the previous quarter in total 49,160.

The number of homes built and completed also fell by 6% compared to the same period last year, when the total number of completed homes totaled 41,220.

ONS figures show that there were 35,640 homes starting in the first quarter, compared with 32,010 developments in the previous quarter, up 11%.

The number of homes starting at 30,350 has increased by 17% compared to the same period last year.

This is below the 75,000-quarter housing construction target, and 1.5 million households are required by the end of this council.

However, the housing sector expects gradual changes in housing until now the Parliament’s Plan and Infrastructure Act is law.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button