Tuesday, January 13, 2015
Good summary IMO
In 2007 the Labour government set a target for 240,000 homes to be built a year by 2016. The UK is nowhere near that. Why? For decades after World War Two the UK used to build more than 300,000 new homes a year. Recently it's managed about half that. The country is facing up to a housebuilding crisis. A decade ago, the Barker Review of Housing Supply noted that about 250,000 homes needed to be built every year to prevent spiralling house prices and a shortage of affordable homes.