Slowing pipeline: new home approvals hit a decade low

Date Published 28 November 2024

* The latest Home Builders Federation's Housing Pipeline Report has found that the number of units and sites gaining planning approval have continued to drop for yet another quarter.

* Just over 230,000 units were granted planning permission over the last 12 months, the lowest figure in the last decade.

* 10,400 sites were approved in the same period, the lowest level since the report began in 2006.

* Despite progress on planning permissions, the decline in planning permissions highlights the challenge the new Government faces in increasing housing supply.

Source: Dataloft by PriceHubble, Home Builders Federation's Housing Pipeline Report, 12 months to June 2024