New Housing Pipeline

Quarter 2, 2019 Report

The number of units approved during the second quarter dropped 7% against the previous three months
and was 1% higher than a year ago. The small year-on-year rise was prompted by a 4% rise in units on private housing projects approved which overshadowed a 19% drop in the number of social housing units.
Overall 3% fewer units were approved during the first half of 2019 than a year earlier. Glenigan recorded the approval of 98,229 residential units during the first quarter of 2019. At 87,323 units, housing schemes of ten or more units accounted for 89% 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.

Glenigan recorded the approval of 97,278 residential units during the second quarter of 2019. At 87,306 units, housing schemes of ten or more units¹ 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 2,628, the number of private sector housing projects (schemes of 3 or more units) securing approval during the second quarter was 8% down on January to March and 10% lower than during the corresponding period of last year.
87,737 units were granted planning permission on private sector projects during the second quarter. This was an 3% decline against the number of units during the preceding quarter, but 4% more than a year earlier.
At 154, the number of social housing projects (of three or more units) was 29% down on the previous quarter and 16% lower than a year ago. The number of units also declined. At 7,166 social units were 39% down on the previous three months and 19% lower than a year ago.

HPL REPORT 2019 Q2 Table 1
Table 1: Number of residential units approved

There was marked variation across different parts of the country in approval levels during the second quarter compared to the same quarter of 2018. The sharpest falls were in the East of England, the South East, North West and Yorkshire & the Humber where the number of units approved were down 23%, 14%, 13% and 16% respectively. Unit approvals were also lower in South West and Wales with declines of 5% and 7% respectively against a year earlier. In contrast unit approvals in the North East, East and West Midlands, and Scotland were up 32%, 16%, 17% and 54% respectively against a year earlier.

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