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Written question asked by Lord Kennedy of Southwark (Labour) on Thursday, 10 December 2015, in the House of Lords. It was due for an answer on Thursday, 24 December 2015. It was answered by Baroness Williams of Trafford (Conservative) on Tuesday, 22 December 2015 on behalf of the Department for Communities and Local Government.


Housing: Construction

Question

To ask Her Majesty’s Government what assessment they have made of the number of new properties being built, and of the effect that that number is having on house prices.

Answer

Statistics on new build housing starts and completions in England are published on the Department's website at: https://www.gov.uk/government/statistics/house-building-in-england-july-to-september-2015. The latest figures for July to September 2015 are attached.

House prices are determined by the interaction between demand for homes and supply of homes and the latter is determined in large part by the sale of existing properties. As such, there is no simple relationship between house prices and the number of new properties being built.


Secondary information

Type
Written question
Reference
HL4471
Session
2015-16
Attachment
Latest Figures for July to September 2015
Subjects
Construction Housing Prices
Contains statistics
Yes
Link
View this Written question on www.parliament.uk