Sunday, Dec 13, 2015

We need more new towns

Guardian: Slump in new public housing threatens chancellor's targets

A sharp decline in new home building by housing associations and local authorities this year could wreck the government’s plans to build 1m new homes by 2020. Housebuilding by the public sector slumped in October, according to official figures, adding to a series of month-on-month falls going back to the election that undermine minister’s claims of a revolution in house building. George Osborne told MPs in his autumn statement last month that measures to support housebuilding would add 400,000 affordable homes by 2020.

Posted by quiet guy @ 11:39 AM (4566 views)
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1. quiet guy said...

The Department for Communities and Local Government House Building: September Quarter 2015 report gives a long term graph of starts and completions going back to 2003 which gives a better overall picture. Completions over the last few years have gone up but hardly in the kind of numbers that will dampen UK property prices.

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There is also a graph showing the proportions of public sector house bulding going back to the forties - when we started building new towns.

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Sunday, December 13, 2015 12:07PM Report Comment

2. judgandury said...

As I've been saying for years, we have only historically build enough houses when the government is directly involved in the house building game. 4 billion is now going to housing authorities and LA's to build affordable houses (with another 2.3 billion to private house builders) but it will take years and in the meantime we are are getting further and further into a stock deficit.

The other area that needs to be properly acknowledged and targeted is the self build sector. We build far less self build homes than our neighbouring countries. We are currently liberalising the planning system to free up more land but the way it is being put together, not nearly enough of this new building land will be available to self builders. Take a look at the link below. It shows just how far we lag behind in the self build sector. If we caught up we could solve out housing crisis in 7 or 8 short years.

Sunday, December 13, 2015 01:33PM Report Comment

3. mombers said...

@2 +1 - the private sector will never build enough houses

Monday, December 14, 2015 10:28AM Report Comment

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