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House building approvals up 33% in Q1

House building approvals were up 33% in Q1 2012 compared to Q4 2011, the Home Builders Federation’s latest Housing Pipeline report shows.

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The total of 36,761 new home approvals given in England also represented a 10% year on year increase but approvals still fell far short of the 60,000 new homes needed to meet housing need and reach pre-crisis levels.

The figures break down to 31,078 private housing approvals granted, up 37% on Q4 2011 and 18% Q1 2011.

There were 4,313 social housing approvals granted in England down 28% from 5,983 on Q1 2011.

Meanwhile permissions granted in London rose by a whopping  89% on Q1 2011 to 12,923.

Planning permissions granted now will, in the main, be built during the next three or four years.

Stewart Baseley, executive chairman of the HBF, says; “The increase in permissions is welcome, but if we are to address our acute housing crisis we need to see to see continued increases in the number of permissions for new homes granted over a sustained period.

“How Local Authorities interpret the new planning system will be crucial. They now have the power, but with that comes responsibility and they must act to meet their areas’ housing needs”

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