Starts and completions of new build dwellings in the UK, on a quarterly and annual basis, time series data

Private companies were responsible for most of the new homes built in the United Kingdom (UK), amounting to ******* units in 2023. Housing completions in the UK decreased for three years in a row between 2007 and 2010. This was followed by several years of fluctuation and a gradual increase from 2013 to 2019. The number of homes completed in England remained relatively stable in 2021 and 2022, after reaching a low point in the second quarter of 2020 due to the restrictions implemented to prevent the spread of COVID-19. Construction starts and completions Comparing the number of starts and completions in London side-by-side shows that whenever there is a significant growth or fall in the number of projects started, that peak or valley tends to be reflected in the number of buildings completed a couple of years later. Nevertheless, disruptions, delays, and other obstacles may affect that correlation. Still, observing how many home construction projects started in the UK can provide some insight into the level of activity that construction companies may have in the near future. Given that the number of housing starts is forecast to fall in 2023, there might be slightly less work to be carried out the following year. Nevertheless, housing starts are expected to pick up again by 2024 and 2025. Housing associations in the UK Housing associations are not-for-profit organizations created to develop and rent homes for a lower price than in the private market. They have acquired certain relevance in the UK, although this type of organization also exists in other countries. On several occasions during the past decade, over a fifth of housing starts in London were developed by housing associations. Meanwhile, the number of new homes completed in Scotland by housing associations has increased a lot throughout the years, with several thousand units constructed every year during the past decades.

Residential building contractors are contingent on the propensity of property developers to invest in new ventures; movements in property prices; government schemes intended to boost the housing supply; and underlying sentiment in the housing market. Industry contractors have endured turbulent operating conditions over the past five years, leading to volatile shifts in revenue and profitability. Revenue is forecast to grow at a compound annual rate of 1% over the five years through 2024-25, reaching £97.4 billion. The pandemic caused a significant drop in output in 2020-21, as restrictions placed on on-site activity and fewer enquiries for new housing units reduced revenue opportunities. Aided by government support for the housing market and the release of pent-up demand, 2021-22 was characterised by a strong rebound in activity, though materials and labour shortages maintained constraints on output. Mounting supply chain disruption and heightened economic uncertainty maintained pressure on output in the following year, though revenue growth was maintained by growth in average selling prices. Interest rate hikes and inflationary pressures led to a more subdued housing market in 2022-23, holding back the number of housing starts and completions during the year. This was followed by a slump in new residential building construction in the following year, as high borrowing costs and uncertain market conditions caused developers to scale back investment plans. Revenue is set to grow by 1.5% in 2024-25, aided by a slight improvement in new orders for residential building construction and an uptick in average selling prices. Revenue is slated to climb at a compound annual rate of 1.5% to reach £105.1 billion over the five years through 2029-30. Housebuilding activity is set to grow in the medium-term, aided by the release of pent-up demand. Nonetheless, significant uncertainty remains, with mortgage rates likely to settle well-above pre-pandemic levels and supply chains remaining fragile. The new government’s pledge to deliver 1.5 million houses during the first five years of parliament will boost demand for industry contractors, though the full impact of this on growth prospects is dependent on the nature and extent of accompanying funding plans.

Time series data on starts and completions of new build dwellings in local authorities across the UK, on an annual basis.

Time-series data on starts and completions of new build dwellings in English regions on a quarterly basis (now produced by the Department for Levelling Up, Housing and Communities as Table 217).

The number of housing starts was forecast to increase by ****** units in 2025 in comparison to the previous year. After that, the number of new construction starts is predicted to grow significantly, reaching ******* new housing starts in 2029.

The UK Residential Construction Market is Segmented by Type (Apartments & Condominiums, Landed Houses & Villas, and Other Types), by Construction Type (New Construction and Renovation), by Construction Method (Conventional On-Site, Modern Methods of Construction), by Investment Source (Public, Private), and by Geography (London, Birmingham, and More). The Market Forecasts are Provided in Terms of Value (USD).

This statistic shows housebuilding completions in England from the fiscal year of 2001/02 to the fiscal year of 2017/18, showing the mix between houses and flats each year. In the fiscal year of 2017/18, houses accounted for ** percent of residential buildings constructed in England.

Number of Businesses statistics on the Residential Building Construction industry in the UK

Repair and maintenance of private homes was the segment of residential construction with the highest annual growth rate in 2023. Meanwhile, new private and public housing construction increased by over five percent that year.

England was the country with the most of the new home construction starts in the United Kingdom in the last quarter of 2024, with ****** units. Housing starts in England declined very sharply in the second half of 2023, while those figures remained more stable in Scotland, Wales, and Northern Ireland. Meanwhile, Northern Ireland was the region with the least new housing constructions started in 2024.

Permanent dwellings started, by tenure, by house and flat, number of bedrooms etc and country.

The number of housing starts and completions in London decreased sharply in the fiscal year 2024/25. That came after a period of steadily increasing housing starts between 2019/20 and 2022/23, with ****** units started that latter year. Meanwhile, the number of new residential property starts in London amounted to ***** dwellings in 2024/25. However, the overall housing starts in the United Kingdom were forecasted to grow significantly in the coming years. How do residential construction costs compare across regions in the United Kingdom? Construction costs have been an important challenge for contractors and homebuilders in the United Kingdom, having an effect on their profit, but also on the final price of housing. Residential construction costs in the UK varied significantly by city and building type, with apartment high-rises generally being more expensive to construct than medium-standard townhouses. Overall, construction costs reflect a trend in which urban centers like London and Manchester have the highest average residential building construction costs in the UK. What is the price of a newly built home in the United Kingdom? Over the past decade, house prices have generally increased, reflecting a steady upward trend in the housing market. By the end of 2023, the average price of a newly built house in the UK amounted to nearly ******* British pounds. However, this represented a slight dip compared to the previous quarter, which recorded the highest average house prices since 2013. These trends suggest that the rise in housing costs will continue in the long-term, even if prices fluctuate slightly in certain quarters.

The number of housing units whose construction started in Wales in 2023 was over three times higher than in 2020. The source did not provide data for 2021. Overall, the number of housing starts has decreased a lot between 2000 and 2020. Wales was the country with the lowest number of housing completions per capita in Great Britain.

Several of the largest new residential construction projects in the United Kingdom with a construction start date in 2025 were found in London. The Planned Investment and Major Works Programme in London was valued at **** billion British pounds. The housing construction market in London London is one of the best-known cities in the world. It is an important financial and economic centre, accounting for the highest share of GDP out of all the regions in the UK. It is also home to the West-End and the British Museum, and it boasts a vibrant cultural life. The economic importance and popularity of the city are some of the factors fostering a high demand for housing construction in London. In addition to the ****** housing starts in London in 2023/24, there was also a similar volume of housing completions. In comparison, the number of private housing starts in the UK as was estimated to be ******* in 2024. House repairs in the UK Housing repair and maintenance was one of the segments with the highest market shares in the UK construction industry. Meanwhile, new private housing construction represented ** percent of the construction market in the country in 2024. The revenue of housing repair and maintenance in Great Britain has been increasing at a fast pace in the past years.

The number of new housing starts per capita in Northern Ireland fell slightly in the financial year 2023/24. That year, there were 3.1 housing units started for every 1,000 citizens of Northern Ireland. The supply of new homes reached its peak in 2009/10, when 4.5 housing units were started for every 1,000 inhabitants.

Housing Starts in the United Kingdom decreased to 28180 units in the first quarter of 2025 from 31030 units in the fourth quarter of 2024. This dataset provides the latest reported value for - United Kingdom Housing Starts - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.