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Households forming twice as fast as homes built

Up to 234,000 new homes will be needed each year if the country is to meet the needs of a changing population, according to a report published today.

New and novel household projections for England with a 2008 base, published by the Town and Country Planning Association, is the first analysis of the 2008-based government household figures.

The analysis projects 234,000 additional households are forming per year, more than double the current number of homes being built annually.

TCPA chief executive Kate Henderson said: We have published this paper as the housing and the planning system undergoes the most fundamental change for a generation through the government’s localism agenda and welfare reform packages.

“This timely analysis reveals that the underlying demographic pressures for more and better homes has not receded.

“Our current building rates for new homes are clearly not adequate to meet this challenge.”

Readers' comments (1)

  • Mark Oliver H+H UK Ltd

    Home Building rates will only increase if there is buyer demand and this is curtailed by the need for a deposit of 25% or more. It must be time for the Government to seriously consider providing mortage guarantee insurance to fund this deposit gap so that more buyers can afford to buy which will drive builders to fulfill the demand. A shortage of homes is a drag on economic growth as employers with job vacancies cannot fill them because would be employees cannot afford to move to where the jobs are. The cost and risk of the Government providing this insurance is low since, as it effectively controls house prices via a monopoly supply of permissioned land, it can hedge its exposure...

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