Quarter 3, 2020 Report
The number of units approved rebounded during the third quarter after the disruption of the national lockdown during the Spring. The number of units approved grew by 21% against the previous three months but was 7% lower than a year ago. The recovery in approvals during the third quarter was led by a rise in private sector approvals, while social sector projects remained weak during the quarter.
Glenigan recorded the approval of 96,191 residential units during the third quarter of 2020. At 86,859 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 2,677, the number of private sector housing projects (schemes of three or more units) securing approval during the third quarter rose 16% against April to June but was 5% lower than during the corresponding period last year.
The number of units granted planning permission on private sector projects rebounded sharply during the third quarter. At 84,019 the number of units was 32% up on the preceding quarter although they were still 5% lower than a year ago. The recovery in the number of units on private sector projects was bolstered by a sharp rise in larger schemes of 250 or more units securing approval.
At 161, the number of social housing projects (of three or more units) dropped by 35% against the previous quarter and was 11% lower than a year ago. In contrast, at 13,739, the number of units was 17% down on the previous three months but 53% up on a weak performance a year ago.
While most parts of the country saw a rise in unit approvals during the third quarter, there was marked divergence in the strength of the recovery. The North East of England, North West and Yorkshire & the Humber enjoyed the sharpest recoveries, rising by 125%, 89% and 114% respectively against the preceding three months. There was also firm growth in the number of units approved in the West Midlands (+21%), South East (+11%), South West (+44%) and Wales (+26%). In contrast approvals in the East Midlands only rose by 1%, while approvals fell in London and Scotland by 9% and 3% respectively. South West and Scotland were 8%, 3%, 16% and 2% up respectively on a year earlier.