Missing millionsPosted: July 17, 2013 Filed under: Housebuilding Leave a comment
So where are the 250,000 homes going to come from? And what are the consequences of not building them?
Almost ten years after the Barker review set that benchmark for housing provision in England to keep house price inflation under control, a new report out from Shelter points out that we are already a million homes behind. If we carry on building at today’s miserable levels the shortfall will rise by another million homes every six and a half years.
In Getting Serious About the Housing Shortage, Matt Griffith and Pete Jefferys argue this would mean accepting a continued fall in home ownership and an ever-rising housing benefit bill while increasing individual and national vulnerability to economic shocks.
Read the rest of this post on Inside Edge, my blog for Inside Housing