A new report has identified that 15,000 new homes must be built for each of the next five years if Wales is to meet its household projection targets.
The Wales Housing Update published by design consultancy Turley Associates, examines the number of new houses needed in each of Wales’ 22 unitary authorities and three national park authorities between 2011 and 2033.
It shows that Wales will have 1.5 million households by 2023 and 1.6 million by 2033.
A total of 219,046 new homes will be needed by 2023 and 331,168 new homes needed by 2033 to meet increased demand, it says.
Turley Associates Cardiff senior planner Gareth Barton said because the country had no housing targets, housing projections were used instead.
“These figures will be of real value to house builders and developers in Wales wishing to bring forward new schemes. They will be able to use this data as part of their evidence base to planning authorities demonstrating a need for new housing at a local level.”
The greatest demand for new housing is in Cardiff, with 2,584 new homes needed in 2011, rising to 2,845 new homes in 2015.
Mr Barton added: “Housing need is set to increase in Cardiff by around 3,000 units every year. This report shows that 37,206 new homes will be needed in Cardiff by 2023 and 65,888 new homes by 2033.
New home requirement according to the Welsh Assembly Government.
Source: Turley Associates