The third in a series of blogs looking at the latest English Housing Survey considers the state of home ownership in 2016/17.
Home ownership has stopped shrinking
The survey says 62.6% of households owned their home in England in 2016/17, down from 62.9% the previous year. Coming after a 10-year decline from a peak of 71% in 2004, that represents relative stability and the rate is now little changed since 2013/14.
The last time home ownership was lower was in 1984, just as the Thatcher right to buy boom was at its peak.
Or has it?
However, some more profound changes are going on beneath the surface. First, it depends whether you are talking about owner-occupation or home ownership – many more of us now own more than one home thanks to buy to let.
Second, it conceals the widening divide within ownership. Traditionally owner-occupation has been about first-time buyers getting on to the housing ladder but the tenure has matured as baby boomers get older and there are now more outright owners (34%) than people buying with a mortgage (28%).
In line with that, the proportion of owners who are under 35 has halved in the last two decades from 18% to 9% and even buyers with a mortgage are older than they once were (only 46% are under 45). By contrast, 61% of outright owners are over 65.
Originally posted on August 2 on my blog for Inside Housing.
The second in a series of blogs looking at the latest English Housing Survey considers the state of the private rented sector in 2016/17.
Home to a fifth of us
The private rented sector has doubled in size over the last 20 years from 10% of households in 1996/97 (2.1m) to 20% in 2016/17 (4.7m). Most of the growth took place after 2003.
To put that growth into perspective, the private rented sector now accommodates a greater share of households than at any time since 1970. As recently as 1997, following rapid decline in the 1970s and 1980s, it was half the size of the social rented sector.
Originally posted on my blog for Inside Housing on July 23.
Ever since 2010 the government has assumed that work is the solution to poverty and problems with housing.
It’s an assumption that underpins universal credit and it’s been nourished by a steady drip of propaganda from right-wing think tanks and newspapers about the alleged role of social housing in encouraging worklessness.
Anyone with experience of the benefits system knows that this is at best a simplistic and at worst a dangerously inaccurate interpretation of what is going on.
For all the government’s proclamations of a ‘jobs miracle’, work alone is not a guaranteed route out of poverty or poor housing or even, it now seems, homelessness.
A report out today from Shelter shows a 73% rise in the number of families who are in work but homeless and in temporary accommodation over the last five years: from 19,000 in 2013 to 33,000 in 2017.