Metropolitan Thames Valley Housing (MTVH) has become the latest large housing association to scale back its development in the face of cost pressures and uncertainty over building safety spend.

The 57,000-home housing association spent £161m on new homes in 2021/22, only around half of what it initially budgeted to spend. MTVH also confirmed this morning it has cut its 10-year new build programme by 13%, from 13,400 to 11,800 units, removing market sale homes in a bid to reduce its sales risk.