New Housing Pipeline

Quarter 1, 2020 Report

The number of units approved during the first quarter fell by 16% against the previous three months and was 21% lower than a year ago. The drop in approvals during the first quarter was due to a decline in units on private housing projects being approved which more than offset a rise in the number of social housing units approved.

Glenigan recorded the approval of 94,988 residential units during the first quarter of 2020. At 85,702 units, housing schemes of ten or more units accounted for 90% of 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.

At 2,511, the number of private sector housing projects (schemes of three or more units) securing approval during the first quarter was 13% lower than during October to December 2019 and 15% lower than during the corresponding period of last year. 78,646 units were granted planning permission on private sector projects during the first quarter. This was a 26% decline against the number of units during the preceding quarter and 19% lower than a year earlier.

At 233, the number of social housing projects (of three or more units) rose by 5% against the previous quarter and were 5% higher than a year ago. The number of units rose more sharply: At 14,684 social units were 23% up on the previous three months and 22% higher than a year ago, pointing to more large scale social housing
developments gaining planning consent.

glenigan table 1 2020 Q1
Table 1: Number of residential units approved

Most parts of the country saw a dip in approval levels during the first quarter, reversing the gains seen during the final quarter of last year. The East Midlands and South West were the only two regions to see a rise in approvals against the final quarter, growing by 34% and 27% respectively. A more mixed regional performance is evident against the first quarter of 2019. The North East, West Midlands, East of England, London and the South East saw the sharpest falls against the first three months of 2019, declining by 26%, 51%, 30%, 18% and 27% respectively. In contrast unit approvals in Yorkshire & the Humber, East Midlands,
South West and Scotland were 8%, 3%, 16% and 2% up respectively on a year earlier.

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