"The housing sector will be at the heart of debates at this year's Labour Party Conference, as developers and planners highlight the growing gap between ambition and delivery. Approvals and completions continue to lag behind the government's targets, particularly in London, where just 30,000 new homes were completed in the year to June 2025, a 12% drop from the previous year and far below pre-pandemic levels. Only 966 new residential schemes were approved in the same period, the lowest number since records began in 2006, illustrating how regulatory, financial, and market pressures are slowing delivery."
"Tim Foreman, Managing Director of Land and New Homes at LRG, says the sector is facing a "perfect storm" of rising costs, complex regulations, and weak demand. "Even with planning reform, developers will not build unless they can sell," he adds."
"Industry leaders warn that without urgent intervention and clear policy signals from the government, delays will continue, putting the 1.5 million homes target this Parliament at serious risk."
Stalled approvals, rising development costs, complex regulations, and weak demand are slowing housing delivery and endangering the 1.5 million homes target this Parliament. London completions fell to 30,000 in the year to June 2025, a 12% drop, while only 966 new residential schemes were approved, the lowest since 2006. The sector faces a ‘‘perfect storm’’ that discourages building unless properties can be sold. Calls include planning reform, uninterrupted local plan-making, increased capacity and skills, and support for first-time buyers to boost demand and delivery.
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