Figures released in HBF’s latest Housing Pipeline report reveal that approvals for just 24,872 homes across England were granted in Q2 of this year, a significant fall on the previous quarter (36,761) and on the same period last year (25,171).
The number of permissions granted in Q2 of 2012, the first quarter since the National Planning Policy Framework came into force in March, was the lowest number of housing permission granted in England since 2009, and well under half the level (55,466) granted in the same quarter in 2007.
Source: propertytalk Live!.