Politicians warned “wake up to housing crisis”
Politicians were warned today that they need to
“wake up to the mounting housing crisis” as the shortfall in supply approaches one million homes.
That is the stark statistic revealed by the Home Builders Federation (HBF) as it published its
“election manifesto”.
The HBF, which represents the UK’s volume housebuilders, said that in every UK constituency young people are unable to buy a home and therefore delay starting a family.
Nearly 5m people are on housing waiting lists and 1.6m children live in overcrowded, temporary or run down housing while hundreds of thousands have lost their jobs in the slow down.
The HBF also claimed that on average a home built today would have to last for over 1,100 years because the UK is not building enough to replace it sooner.
With a general election likely in May, the HBF called on the next government to make more land available for development; reduce the “crippling” costs of regulation that prevent development; and address the “chronic” lack of mortgage availability.
And despite the squeeze on public finances, the HBF wants the next government to maintain public funding to support housing delivery. The federation claimed that every £1 spent generates nearly £3 in economic activity.
HBF chairman Stewart Baseley said:
“We have a desperate and growing housing crisis that just has to be addressed. But despite the shortfall of homes fast approaching a million, we are building less than at any time since the Second World War. The social and economic implications dictate that the new Parliament’s MPs must address the barriers to delivery as a matter of urgency.”
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