Published: 16th Oct 2019

What appears to have become the settled view across the political spectrum is that the nation needs something like 300,000 new homes to be built each year over the next decade. Behind that aggregate number there are different takes on the balance between tenure types and market and affordable homes. But if we look at what the construction industry has produced over the last 40 years you begin to realise quite how big a task this is. Since 1978 when there were 279,000 homes completed the trend has been unremittingly downward. In the years from 2010 the yearly average is just 151,000 completions, half of what is needed. Whilst the traditional big volume housebuilders have shown that they alone are unable and sometimes unwilling to get close to the numbers necessary, in recent years there are signs that other players are emerging. Many of the large housing associations have for … (To read the full article, subscribe below)