‘The housing minister has said we must become a ‘Nation of Homebuilders’, but with £370 million cut from investment in new homes already, there is a danger this could be rhetoric rather than reality.
‘Today’s figures show housing completions are up this quarter, but are still only half of what’s needed to meet demand. With the economic recovery still shaky and millions struggling to access an affordable home, we need to see bold and immediate action to stop us falling further and further behind.
‘The government must make a clear commitment to continued investment in new homes in the upcoming Comprehensive Spending Review, or accept the possibility that our housing crisis will significantly deepen on its watch.’
Independent research commissioned by Shelter in 2007 and conducted by the University of Cambridge showed that 242,000 homes were needed each year to meet newly arising need and demand, equating to 60,500 per quarter.
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