Planning permissions remain firm during 2017 Q2

The residential development pipeline remains strong, despite a slight cooling during the second quarter of 2017 after the rapid growth seen during the preceding six months, according to the latest HBF / Glenignan Housing Pipleine Report. The number of units approved during the quarter was 14% down on the first quarter of 2017, but were still 13% ahead of the same period last year. The year on year rise was driven by a 13% increase in the number of private housing units approved and a 44% rise in social housing units approved. Overall the number of residential units approved during the first six months is 22% higher than during the first half of 2016.

Glenigan recorded the approval of around 84,900 residential units during the second quarter of 2017: Housing schemes of ten or more units accounted for 73,700 approved units; the remainder being on smaller new build projects including self-build schemes, homes included within non-residential projects and the conversion of non-residential properties.

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Notes:

• The Home Builders Federation (HBF) is the representative body of the home building industry in England and Wales. The HBF’s member firms account for some 80% of all new homes built in England and Wales in any one year, and include companies of all sizes, ranging from multi-national, household names through regionally based businesses to small local companies: www.hbf.co.uk
• Glenigan is the UK’s leading provider of construction data, contract leads and construction market analysis. Combining comprehensive data gathering and exhaustive research with detailed statistical modelling and expert analysis, it delivers a trusted insight into UK construction trends and activity.
• The housing approvals data analysed in this report is drawn from Glenigan’s extensive database of current and planned construction projects. Glenigan’s detailed coverage of planned housing projects across the UK offers valuable strategic and tactical insights into developers’ active sights and pipeline, with sites tracked through to completion. www.glenigan.com
• ‘Permissions’ are measured when the first ‘reserve matter’ attached to the consent is approved. Before an ‘implentable’ permissions is granted that allows work to start on site, a planning obligations (S106) agreement will almost always have to be agreed and signed and all pre-commencement planning conditions attached to the permission have to be discharged. Some permissions will have up to 100 conditions attached.