Number of Completed Newly-Built Homes at Lowest Level Since 2018: Key Takeaways
Based on the provided article from NL Times, here are the key takeawaysregarding the number of completed newly-built homes in the Netherlands:
1. Lowest Level Since 2018:
- The number of completednew homes in the first six months of 2024 was the lowest since 2018.
- 32,700 new homes were added to the housing stock, compared to over 34,000 in the same period last year.
2. Fewer Construction Permits:
- The decrease in completed homes is attributed toa decline in construction permits issued in recent years.
- This translates into fewer new homes being built 1.5 to two years later.
3. Housing Shortage and Construction Targets:
- The Netherlands faces a significant housingshortage, leading to a strong focus on building new homes.
- However, achieving the government’s target of 100,000 new homes per year has proven difficult due to various obstacles, including land scarcity and staff shortages.
4. Housing Corporations’ Increased Role:
*Housing corporations delivered more new homes in the first half of 2024 compared to the same period in 2023.
* Their share in new construction increased from 18% to 25%.
5. Alternative Solutions Needed:
- To achieve the government’shousing goals, alternative solutions are needed besides new construction.
- This includes splitting up existing homes, transforming offices, and considering the impact of demolition and mergers.
6. Regional Differences:
- There are significant differences in housing construction across municipalities.
- Some municipalities rely entirely on housing corporations for new homes, while otherssee no contribution from corporations.
Overall, the article highlights a concerning trend of declining new home construction in the Netherlands, despite the pressing need for more housing. The government’s ambitious targets are facing challenges, and alternative solutions are needed to address the housing shortage.
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