"If we ignore this problem and reduce public intervention and investment in new supply of both private and affordable housing, there could be serious social and economic consequences, not least record housing waiting lists and more pain for beleaguered first time-buyers. Further action, such as more land release, support for new entrants in the market and expansion of the private rented sector, is needed to avoid a return to a cycle of housing boom and bust."
TCPA Chief Executive Gideon Amos OBE said: "This report highlights that we must continue to plan to provide the homes our society needs – but we must do so in a sustainable way. In short we need quantity and quality. If we don’t the housing supply crisis, already urgent, will get worse.
"The alternative of allowing housing provision to sink to a new all time low could be storing up even more difficult problems ahead. Planning can play a key part, but we need a package of solutions as set out in this report to get us back to a more balanced housing market. We will be drawing the findings of this report and our agenda for development in the downturn to the attention of all major political parties."
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