Originally published on May 26 on Inside Edge 2, my blog for Inside Housing
Statistics published on Thursday provide the first clues as to whether the government will be able to deliver a million new homes in this parliament.
Transformed from an ‘aspiration’ into a ‘commitment’ in the Queen’s Speech, the million homes target will be a stretch but not quite as big a leap as it seems at first glance.
The DCLG housebuilding figures show homes built between January and March 2016 and therefore cover year one of this five-year parliament.
Originally published on Inside Edge 2, my blog for Inside Housing
Back in 2010 a Conservative housing minister mused that a period of stable house prices would be a good thing. Six years later – and in the context of the European referendum – it would apparently be a disaster.
A report today from the Treasury warns that prices could be 10%-18% lower by 2018 if we vote for Brexit next month. It’s part of a message that a leave vote would trigger what David Cameron calls a DIY recession that would cost hundreds of thousands of jobs.
I’ll leave the wider economic arguments to others (though note this would be quite a mild recession by comparison with the recent past) and concentrate here on house prices. This may seem a minor point by comparison with the more general impact on the economy but it’s interesting that this was the aspect of today’s Treasury analysis that George Osborne chose to trail last week.
Originally posted on May 9 on Inside Edge 2, my blog for Inside Housing
The May elections have a common theme when it comes to housing: can the winners really do what they say?
From Sadiq Khan to Marvin Rees, from Nicola Sturgeon to Carwyn Jones and from council leaders all over England to the voters of St Ives, winning the elections last week was the easy bit. The hard work starts now.
I’ll start with the poll closest to me: the referendum in St Ives on a Neighbourhood Plan that will ban the building of new second homes that has brought national attention.
More than 80% of residents supported the plan last Thursday and it’s impossible not to sympathise. Around a quarter of the homes in St Ives are either second homes or holiday lets and the problem is even worse in other Cornish communities. That does not just price out locals it also means a lack of year-round residents that makes it hard to sustain vital services and infrastructure.