West Oxfordshire Local Plan Housing Consultation

Rates of Housing Delivery and Market Capacity

4.62 We have already described how high build rates in the period 2005 - 2010 have influenced the population and household projections for West Oxfordshire - a point which is acknowledged in the SHMA.

4.63 It is also useful to consider longer-term build rates in order to 'sense-check' any future potential housing target. Consideration of what has actually been achieved 'on the ground' historically in West Oxfordshire, provides an indication of what the market is likely to be able to deliver in the future.

4.64 The graph below sets out average build rates over several different periods since 1991.

Figure 4.4 - Average residential completion rates in West Oxfordshire (per annum)

 

4.65 It is evident that:

  • There was a significant peak in build rates from 2005 - 2010 (the period used to inform the Government's population and household projections);
  • In the 10-year period 1991 - 2001 build rates were much lower at an average of 364 homes;
  • Between 2001 - 2011 build rates increased to an average of 583 per annum; and
  • Over the long term 20-year period 1991 - 2011, the average completion rate was 474 homes per annum.

4.66 The 20-year average (474 homes per annum) provides a good indication of likely deliverability and market capacity over several periods of recession and growth.