Published: 19th Oct 2017

Half of all councils in England could have their own housing company by 2020, according to the Smith Institute. A report published by the think tank estimates there are currently around 150 local housing companies in England, most of which have been formed in the last few years. The study says that, based on the current trend for councils to launch their own housing companies, this number could increase to 200 by 2020, covering just over half of all the local authorities. It found that while most of these companies have ‘modest’ ambitions, averaging around 50 homes a year, there are larger housing companies in urban areas with major build programmes. The report estimates council housing companies are currently completing around 2,000 homes a year, but this annual figure could rise to between 10,000 and 15,000 homes each year by 2022. And it says that around 30% and 40% of … (To read the full article, subscribe below)