Monitoring and Review - 5 Year Supply and Annual Reporting

A 'plan, monitor and manage' approach is necessary to ensure that, as a minimum, a 5 year supply of land for housing is maintained. Monitoring should be an ongoing process with annual reporting and review. Monitoring must include: the housing land supply at the beginning and end of the annual reporting period, the number of net additional units built during the annual reporting period and the number of net additional housing units built in the period since adoption of the local policies plan. This will provide valuable information on annual building rates, housing output relative to planned densities, and will also give an indication of the validity of estimated windfall predictions. It should be noted that windfall development can occur on greenfield sites.