Dec 2010 - South Worcestershire Development Plan

SOUTH WORCESTERSHIRE ANNUAL MONITORING REPORT 20101365.0 LOCAL HOUSING TRAJECTORY AND MALVEN HILLS HOUSINGLAND SUPPLY5.1 The following section focuses on Malvern Hills District’s ManagedDelivery Target and Housing Trajectory.5.2 The 2008/09 housing trajectory indicated that Malvern Vale (NorthSite), the largest Local Plan housing allocation, would make up asignificant element of housing completions in the current monitoringperiod. During 2009/10, this was proved to be a relatively accurateprediction.5.3 The South Worcestershire Housing Land Monitor recorded 93 windfalldwelling completions which accounted for 42% all of the net dwellingcompletions, confirming the importance of local plan sites, particularlyMalvern Vale, to the delivery of housing supply. This is a markedimprovement on 2007/08 and 2008/09, where the number of completeddwellings on Local Plan sites was recorded as 0 and 59, respectively.5.4 The 2010 South Worcestershire Housing Land Monitor considers ahigher proportion dwelling completions will occur on Local Plan sitesover the next four to five years whilst sites such as Malvern Vale arebuilt out. MHDC is still taking a cautious approach on the likely dwellingcompletions on Malvern Vale and we anticipate a total completion ofthe site by 2014/2015. However, early market recovery could easilyshorten this period.5.5 The 2009 AMR predicted that the housing market will slowly improvefrom 2010/2011 onwards due to the UK economic recovery. Howeverduring 2009/10 completion figures are better than expected. Based onthe 2009 Housing Trajectory MHDC provided 46 more dwellings thanwas predicted. This can be attributed to the larger sites within MalvernTown recovering from the recession earlier than anticipated.