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House building vital – socially and economically

The housing crisis has resulted in;

•Nearly a third of men and a fifth of women aged 20-34 living with their parents
•The average age of an unassisted first time buyer reaching 37
•Nearly 5 million people on local authority waiting lists
•Many young people having to put off starting a family or being unable to live where they would wish for family and work reasons
Action to tackle this supply crisis will also be crucial for local jobs. Each new home built creates 1.5 full time jobs plus up to four times that number in the supply chain.

As New Homes Month gets underway, HBF is urging people looking to move home to consider the many advantages of buying new.

HBF Executive Chairman Stewart Baseley said: "House building is a British industry success that is responsible for hundreds of thousands of jobs across the country. New homes are vital for first time buyers and young families – and are also greener and so cheaper to run. And with customer satisfaction at an all time high, I would urge anyone looking to move house to visit their local show home during new Homes Month. By buying new, you will be helping yourself – and a great British industry.”

Chief Executive of national housing and regeneration agency, the Homes and Communities Agency (HCA), Sir Bob Kerslake said:

"The HCA is committed to facilitating and maintaining a supply of new and affordable homes in this country. New homes are crucial not only for providing places for families to live, but are the vital link in ensuring communities continue to thrive, whether through jobs generation, training opportunities and, at its most basic level, simply transforming places. New Homes month is an excellent way of highlighting the contribution housebuilding makes to our industry, and we are proud to lend our support.” 

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