The UK’s largest housebuilders have pledged to ramp up the number of homes built each year, following discussions with the government.
The Home Builders Federation (HBF) today published a statement of intent on behalf of its members outlining an ambition to deliver further increases in housing supply and committing firms to raising output in 2019 to more than double the number of homes built in 2010.
As well as continued discussions with the government on ways to ensure output continues to rise, HBF will also develop a new “land exchange” aimed at allowing larger builders to sell sites or parts of sites to smaller builders. They have also agreed to provide local councils and central government with actual and projected build out rates of current and future sites.
Stewart Baseley, executive chairman of the HBF, said: “Over the past two years the industry has responded to the positive policies introduced by government and has delivered huge increases in output.
“All indicators clearly show the significant progress being made and last year we delivered more than 180,000 new homes in England.”
He added: “Moving forward the industry is committed to going further, and provided that the political, economic and policy conditions are conducive, to deliver further increases in supply.
“Working with government, and others, we want to ensure that the investment environment remains attractive and that the right measures are in place to support the delivery of the homes the country needs.”
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