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No signs of housing recovery as application numbers stay low

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The number of planning applications for new housing developments has stabilised but is still not on the increase, according to the latest figures released by industry analyst Glenigan

The construction industry tracker said that 459 planning applications for new schemes were submitted during July, slightly down on June’s figures. Since 2007, the average number of planning applications submitted per month has fallen from 1,291 to 494 in 2009.

Allan Wilén, Glenigan’s economic director, said: ‘The flow of new planning applications has steadied in recent months, but remains a far cry from the number of applications seen a couple of years ago.

‘The latest data demonstrates that housebuilders remain focused upon building out existing schemes and still have a large pool of sites with planning approval upon which to draw as the market gradually improves. While some housebuilders are now looking to add to their landbanks, the data suggests that there will be no rush to bring forward acquired sites for development.’

The number of applications for 2009 so far are:
January: 539
February: 485
March: 542
April: 475
May: 447
June: 513
July: 459 (estimated)

Source: www.glenigan.com

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