Study Highlights Regional Variations in New-Build Contributions to England’s Housing Stock

A recent study by the peer-to-peer real estate investment platform, easyMoney, has shed light on the contribution of new-build homes to England’s overall housing stock. Despite a challenging year for builders and developers, the analysis uncovers a marked variance in new-build completions across the country, with certain regions and local authority districts witnessing significant boosts from this sector.

A Closer Look at New-Build Contributions
The findings from easyMoney’s examination of 2022-23 data highlight that new-build homes represented a mere 0.7% increase in England’s total dwelling stock, which currently stands at approximately 25.2 million. This modest national increment masks the regional disparities and the standout performance of certain areas. The East Midlands and East of England lead in terms of relative impact, with new-builds in these regions accounting for 0.9% of their total housing stock.

Among the local authority districts, Mid-Suffolk emerges as the top beneficiary of new-build activity, with its 1,140 new homes in 2022-23 constituting 2.4% of its total dwelling count. Other notable areas include Stratford-upon-Avon and South Derbyshire, with new-builds comprising over 2% of their respective housing stocks.

Regional Highlights and Laggards
The analysis further reveals that the South East, despite its overall 0.8% stock increase from new builds, boasted the highest number of new-build completions among all regions, with 30,960 new homes. Contrastingly, the City of London, Gosport, and Adur did not see the completion of a single new-build home in the same period, highlighting significant geographical disparities in new housing delivery.

Jason Ferrando, CEO of easyMoney, comments on the findings, acknowledging the subdued overall performance but noting the regional bright spots. He expresses optimism for the future, anticipating an uptick in new-build completions as the market recovers. Ferrando also underscores the importance of housing in the forthcoming general election discourse, expressing curiosity over the potential influence of political promises on the sector’s trajectory.

This analysis by easyMoney not only maps the current landscape of new-build contributions to England’s housing stock but also sets the stage for future developments in the sector amidst evolving market conditions and political commitments.