Housing association’s starts fall by nearly three-quarters as it takes ‘careful’ approach to development

By Carl Brown2025-06-30T03:44:00

ford stamping plant peabody hill group 1

Peabody’s pivot to spending more on improving existing homes continues with new, local approach to services

Peabody started work on 302 new homes in 2024/2025, it has revealed in an unaudited trading update.

The figure is down 74% on the 1,157 starts reported for the same period the previous year. The group’s completions also dropped from 1,381 to 1,157. This means development output has more than halved since the 2,399 completions reported by the housing association giant in 2022/23.

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