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A number of members have asked whether the Regulator’s CPU figures could be analysed in more detail. This short note from Housing Finance Network Lead Associate Ian Parker provides more information about the movement in the maintenance related CPUs over the last two years and to what extent costs vary because of the size of the Registered Provider (RP).
How costs have varied over the last two years
The CPUs have fallen between 2015/16 and 2016/17 – see bar chart below:
The Maintenance CPU fell by 17.3% and the Major Repairs CPU by 26.2%. Is the reduction in the Major Repairs CPU due to the stock condition profile and the timing or these types of repairs or are resources being moved away from this budget?
Maintenance and Major Repairs CPUs by size banding
The CPUs do vary by the number of homes in management – see bar chart below:
However, when the maintenance and major repairs costs are added together the total expenditure does not vary significantly by the number of homes in management – see bar chart below:
The Housing Finance Network produces regular updates and analysis of the latest datasets from the Regulator of Social Housing. For more information on this network, click here.