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OBR predicts net additions to housing stock will fall to 220,000 next year

By 2026-03-04T12:24:00

cranes development 3

Body forecasts 1.3m additions in UK from 2025/26 to 2029/30, casting doubt on ability of government to hit 1.5m homes target for England

The Office for Budget Responsibility (OBR) is forecasting net additions in the UK to fall to 220,000 in 2026/27 before increasing sharply towards the end of the decade.

The body said recent “subdued housing starts” will feed through into figures next year, pushing net additions down from the average of 260,000 a year in the early 2020s. Net additions include new build homes as well as conversions and changes of use.

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