Figures showing a rise in the number of affordable housebuilding starts have been welcomed by housing minister Grant Shapps.
Statistics published by the Homes and Communities Agency revealed 19,967 residential construction projects began on-site, while 59,451 were completed, in the year preceding March 31st 2012.
Mr Shapps said this data is “clear evidence” that the coalition is starting to receive “impressive results” in its ambition to “get Britain building”.
He noted that there is still significantly more that needs to be done, despite the need to cut the UK’s fiscal deficit.
Therefore, the minister pledged to spend £1.3 billion getting stalled housebuilding developments “back on track”, alongside the £4.5 billion that is already being invested in the construction of affordable homes.
Mr Shapps said he is impressed at the “rapid and dramatic progress” made by the industry, noting the country is on-track to exceed its targets and will deliver as many as 170,000 cheap houses in the immediate future.