Insert Logo text
Trusted media brand of the Chartered Institute of Housing
Housing Today
Trusted media brand of the Chartered Institute of Housing
Orbit’s development drops by 30% as it ramps up spend on existing homes
The Midlands housing association’s surplus falls by 39%
Coventry-based Orbit has built 870 new homes this year, an almost 31% decrease from the previous year, when it delivered 1,257 new homes.
This marks the second-lowest number of homes delivered by the association in the past five years, with the lowest being 848 new homes during the pandemic in 2020/21. In 2021/22, Orbit delivered 1,013 homes.
It invested £232.2m in developing new homes this year.
Login or Register for free to continue reading Housing Today
To continue enjoying housingtoday.co.uk, REGISTER FOR FREE
Already registered? Login here
Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Sign up below to receive:
- Breaking industry news as it happens
- Gain access to Housing Today’s Specialist CPD modules
- Expert News and analysis
It takes less than one minute….
Join the Housing Today community - REGISTER TODAY
… or subscribe for full access - Subscribe now