Housebuilding numbers are ‘potentially on target’

The number of starts and completions on new-build homes reached their highest level since 2008 at the end of 2015, rising by 23% in Q4 compared to the same period a year earlier.

The number of new housebuilding starts in Q1 was 9% lower than in the same period a year earlier, according to the latest numbers from the Office of National Statistics.

The number of residential planning applications in London has surged, with the first six months of the year racking up 38% more than the average rate since 2010.