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Local government

Accelerated Building Work on New Homes in Oxford Drives Supply Increase

Strategic Insights

— 1 min read

Building work on new homes in Oxford accelerated in 2021, with Ministry of Housing, Communities and Local Government data showing that work began on 360 homes in the city during the year, an 80-unit increase compared to the previous year. Meanwhile, 130 homes were completed in the same period, a 30-unit decrease from the 160 homes completed in 2019-20. Nationally, 49,470 homes were completed in the first quarter of 2021, a four percent increase from the last three months of 2020 and the highest number for any quarter in over 20 years.

Key Takeaways:

  • Ministry of Housing, Communities and Local Government data reveals that work began on 360 new homes in Oxford in 2020-21, an 80-unit increase from the 280 started the previous year.
  • Despite this increase, work on 30 fewer homes was completed in 2020-21 compared to 2019-20, with 130 homes finished over the year.
  • Nationally, 49,470 homes were completed in the first quarter of 2021, the highest number for any quarter in over 20 years.
  • This represents a four percent increase from the last three months of 2020.
  • Stewart Baseley, executive chairman of the Home Builders Federation, emphasizes the industry's focus on delivering further increases in supply, having seen output double in recent years.
  • The Home Builders Federation calls for the Government to continue investing in the industry to address the social need for more housing.

Statistics:

  • 360 homes began construction in Oxford in 2020-21, an 80-unit increase from the previous year.
  • 130 homes were completed in Oxford in 2020-21, a 30-unit decrease from 2019-20.
  • 49,470 nationally completed homes in the first quarter of 2021, a four percent increase from the last three months of 2020.
  • 49,470 is the highest number for any quarter in over 20 years.
  • 280 homes started in Oxford in 2019-20, compared to 360 in 2020-21.
  • 160 homes were completed in Oxford in 2019-20, compared to 130 in 2020-21.

Sources:

  • Ministry of Housing, Communities and Local Government data
  • "David Burt" (no date specified), no publication date specified.

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