The news came following a meeting with the Home Builders Federation, whose members account for around 80% of the new homes that are built in England and Wales.
Despite the uncertainty created by the UK’s decision to leave the European Union, the HBF reiterated their ambition to build a million more new homes under the current government.
The HBF pointed out a number of government backed schemes which is underpinning their ambition:
- £20 billion housing package announced by the government in the Spending Review
- Help to Buy
- Shared ownership
According to the HBF, its members stated that their hasn’t been any reservations in sales rates following the referendum last month; instead they restated their commitment to drive up supply and increase the number of new homes coming to market.
The demand for housing whether the UK was in or out of the EU was always going to remain and the government and HBF have agreed to continue working together over the coming weeks to ensure their shared ambitions are met.
“The action we have taken over the last six years to get the country building again has put the industry in a position of strength. We have doubled investment in housing and set out the largest affordable house building program since the 1970s,” said Greg Clark.
Time to deliver
HBF deputy chairman Peter Andrew said that they and the government had a duty to provide home ownership to anyone that aspires to own a home of their own.
“We were very pleased to hear the Secretary of State reaffirm the Government’s commitment to increasing housing supply. We welcome his reiteration of support for successful programmes like the Help to Buy: Equity Loan scheme which is underpinning demand and helping tens of thousands of buyers each year to take their first steps on the housing ladder”
“House builders remain confident in the underlying level of demand for housing and will continue to deliver the homes the country needs,” he added.