Total nonsense from the HBF today
The Government’s most publicised measure of house building excludes around a fifth of all new build completions every year, a report released today reveals. The HBF’s Ghost towns report shows how flawed methodology and poor returns from Local Authorities mean around 30,000 new builds are not counted in the official numbers.
why dont they read the governments own statistical note
As the government statistical notes states
The new build component of the Net supply of housing statistics is generally larger than the corresponding annual total from the House building series, despite the fact that they are measuring the same thing. The longer collecting period and range of sources used in compiling the Net supply of housing statistics means that the new build component of net supply captures some elements of new build which are missed in the building control based data. It is also possible that Net supply of housing will pick up the small minority of dwellings in which people are living but for which no completion certificate has been issued. In such cases a completion may be missed in the building control data even if the dwelling meets the ‘completion’ definition.
This issue has long been known and it does nothing to absolve the HBF for poor delivery.