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campervanman

When Housebuilding In The Uk Fell Off A Cliff

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This chart in the article shows when housebuilding fell to inadequate levels in the UK. The obvious conclusion is that the private sector and housing associations have not replaced the shortfall in newbuilds that occurred in the 1980's when the UK stopped building council houses. Add to that the fact that since the 1980's council housing has been sold off at a discount and not replaced and it becomes clear why there is a housing shortage in the UK.

http://www.parliament.uk/business/publications/research/olympic-britain/housing-and-home-life/build-it-up-sell-it-off/

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From the link:

Crash pad: 5m council houses were built between 1946 and 1981, but only 250,000 have been built since.

So 5 million council homes in a 35 year period (1946-1981), 250,000 in the 33 or so year period since. :(

Here's an idea: if foreign investors still want to invest in UK property then maybe they should only be allowed to finance the creation of new council homes.

Oh look....it's a flying pig! :D

Edit: In my home city I can only think of one or two new build developments going on at the moment. Very little is getting built here from what I can see.

Edited by MattW

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http://districtcouncils.info/category/news/

A survey among DCN’s 200 members indicated that 376.5 new homes were built as replacement properties for some 3,019 homes sold under Right to Buy between 2012/13 and 2014/15 – a replacement rate of 12.5%.

In addition, the results indicated the financial impact to local authorities from the Summer Budget announcement to reduce housing rents by 1% would be significantly worse than first estimated, with district councils now forecast to lose £718.6m over the next four years alone.

Steep cuts to spending on new social housing (£210.8m) is likely to make up the lion’s share of how district councils expect to plug the £718.6m revenue gap, followed by expenditure cutbacks on capital improvements (£167.6m), housing management (£25.1m) and debt-refinancing (324.9m).

This revenue loss figure is calculated to top £11.3bn if extended to the next 30 year period over which stock-holding councils have taken out long-term loans to fund housing stock increases and improvements to housing stock and tenant services.

By contrast, DCN research carried out in the immediate aftermath of the Summer Budget forecast four-year losses of around £600m and 30-year cumulative losses of more than £10bn.

The survey also revealed that the policy changes have already stalled 3,534 properties in schemes run by councils in 17 district areas – with plans for a further 403 properties put on hold in three Private, Voluntary and Independent Sector (PVI) schemes. Additionally, the figures showed districts would pull the plug on some 1,511 new builds in order to meet the immediate revenue shortfall.

From the other day. FT did post the housebuilding stats. The reality for public sector is they are reducing building volume in response to financing constraints eg. we need more but they will build less.

Not sure about Housing Associations. There was a thread the other day that HA's may get re-classified in the National Accounts and with the right to buy bill well who knows. I think the Torie's are gunning for them.

http://www.building.co.uk/cameron-launches-attack-on-housing-associations/5077604.article

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...and it becomes clear why there is a housing shortage in the UK.

Hi campy,

I don't venture up here from "Off-Topic" very often, but every once-in-a-while I simply must.

And it is usually when someone claims that there is a housing shortage in the UK.

Because there simply isn't.

Go to HM Land Registry website, and find your way to stats regarding the amount of empty properties in England and Wales.

The number will be somewhere around 700,000.

And that doesn't include Scotland or Northern Ireland.

These are official UK Government stats.

There is, nor has there EVER been any shortage of housing in the UK.

Just a shortage of people who will allow cheap access to them.

Well that's it, job done. I'm heading back to "Off-Topic" - see you all the next time someone uses the fallacious "housing-shortage" argument...

:)

XYY

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So that's less than 3% then. Including every flat above shops used as stockrooms (without change of use), houses that are functionally uninhabitable, houses in escrow and houses in places where there are no jobs due to the death of english mining & manufacturing.

Doesn't seem that many.

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This chart in the article shows when housebuilding fell to inadequate levels in the UK. The obvious conclusion is that the private sector and housing associations have not replaced the shortfall in newbuilds that occurred in the 1980's when the UK stopped building council houses. Add to that the fact that since the 1980's council housing has been sold off at a discount and not replaced and it becomes clear why there is a housing shortage in the UK.

http://www.parliament.uk/business/publications/research/olympic-britain/housing-and-home-life/build-it-up-sell-it-off/

You are ignoring the huge slum clearances of the 50s, 60s and 70s, the shortage of housing caused by wwii, and the population growth of that era.

In fact, and it is a fact, there are more houses, per person, than ever, and the number of houses being built now is consistent with population growth.

There is no housing shortage.

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There is a shortage of affordable housing.

And it may be related to the freeze on council houses: the argument could be construed to be about whether this has occurred due to changes in tenure, or vice-versa.

Did right-to-buy and btl lift the breaks on hpi ?

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