Federation Of Master Builders say “Starter Homes a good foundation”
First time buyers between the age of 23 and 40 will be given a discount of up to 20% of the market value from a government fund of £1.2bn.
Thousands of these new homes should be built this year according to the Housing Minister and the first 30 local authorities chosen to be part of the scheme include Sheffield City Council, Luton Borough Council, North Somerset Council, Plymouth City Council and Blackpool Council.
Brian Berry, chief executive of the FMB, said: "It's great to see the Housing Minister kick off 2017 by giving the green light to the first Starter Homes. These homes will help some first time buyers get a foot on the housing ladder, and our small house builders are enthusiastic about delivering on that vision
"A wider set of measures aimed at increasing the capacity of the house building industry are needed to overturn the long-term under-supply of new homes. Central to this must be getting small and medium-sized (SME) builders delivering more new homes.
Mr Berry concluded: "These are positive messages to start the year with and they show that the government is putting house building at the front and centre of its ambitions for 2017. With a Housing White Paper expected in the next few weeks this will be an important year for housing policy and its success or failure will be a key part of the new PM's legacy."
Article taken from Builders Merchants News January 3rd 2017