It revealed that 1,247 new homes were built in the last financial year, up 32% on the Local Plan target adopted in July 2019.
Of the total new homes built between April 1, 2020 and March 31, 2021, there were 304 (24%) classed as affordable housing.
The target set in the Peterborough Local Plan requires 19,440 new homes built in the city by 2036 - which means that 942 new houses a year need to be built between 2016 and 2036, in addition to 600 student dwellings from 2021.
Since 2016, there have been 5,430 new houses built in Peterborough.
In February last year housing secretary Robert Jenrick wrote to the city council congratulating it on its housebuilding performance.
The government has set a target of building 300,000 homes a year by the mid-2020s to relieve the current housing crisis and the East of England is a key expansion area.
Peter Hiller, the council's cabinet member for strategic planning, said: “These latest figures reinforce the council’s commitment to provide the homes that our rapidly expanding city needs, so I am delighted that we are continuing to exceed our targets.
“Delivering the right number of homes for our residents is one of our top priorities, within well designed developments which create a sense of place and community.
“Crucially, it is equally important that we are providing the right types of homes, in particular affordable homes, which allow people to take their first step on the housing ladder. Since 2016, a total of 958 affordable homes have been built across Peterborough.
"Our city continues to grow faster than many parts of the country, demonstrating the desirability and affordability of Peterborough as a great place to live."