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HCA beats target for housing starts

The Homes and Communities Agency has beaten its annual target for new housing starts by 22 per cent.

The body responsible for chanelling government housing and regeneration funding started a total of  64,811 homes in England in the year to March 31 - well above its target of 53,315.

More than half of the new starts were in London, the South-east and the South-west.

HCA chief executive Sir Bob Kerslake said the results were excellent considering the tough market conditions.

He said: “I am especially pleased with the progress made on the Kickstart and Local Authority New Build programmes,which show how we as an agency were able to respond swiftly to challenges presented by the economic downturn.”

The HCA also beat its targets for completed homes, finishing 56,118 compared to the planned 52,325. More than half of the completions were in London, the South-east and the East.

Sir Bob added that with less public funding available for housing in the future, the agency would focus on making an impact at a local level and on value for money in affordable housing.

He said: “We will certainly be no less committed to making sure we not only continue to hit targets, but, in this new era of localism, also continue to support our partners in achieving our shared ambition for creating high quality places.”