The number of new homes in England has risen by 25% over the past year, the highest annual percentage increase in 28 years, according to figures released today.
The net supply of housing report, released by the Department for Communities and Local Government (DCLG), revealed that annual housing supply in England amounted to 170,690 net additional dwellings in 2014-15, a 25% increase in net additional dwellings from 2013-14.
The DCLG said there has been a significant increase in the amount of new homes delivered by converting buildings into residential properties. More than 20,600 of these homes were built in 2014-15, a rise of 65% on the year before.
The Government recently announced it would extend permitted development rights that enable offices to be converted into new homes without having to submit a planning application.
Housing Minister Brandon Lewis said: “We’ve brought the housebuilding industry back from the brink, giving them the tools they need to get on with the job and build the homes hard-working people need.
“That includes making it easier for developers to turn underused buildings into new homes with today’s figures showing a 65% increase in these kinds of developments over the past year.”