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Midlands estimated housing completions low

The number of houses expected to be completed in the Midlands in 2008 is considerably below the projected demand, according to property consultants Knight Frank.

Figures released by the property company estimated that 13,520 houses will be completed in the West Midlands in 2008 while 17,624 houses in the east of the region.

These figures are considerably below the projected figures where in the West Midland projected annual demand sits at 19,200 and in the East Midlands at 22,933.

Knight Frank also revealed that 2,898 houses had been started in the first-quarter in the West Midlands and building began on 3,240 houses in the east.

Knight Frank said in a statemeny the government estimates that house building in the region this year will fall 10,000 short of its target of 41,061 homes.

It added: “This will add substantially to the massive shortfall of accommodation that has already built up in a region where household numbers are set to increase by 42,000 on average each year for the next decade and a half.”

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