Building 100,000 Social Rent Homes A Year Would 'Contribute £24.5bn To Economy' Over 30 Years

 Giving councils the powers and funding to meet a third of the government’s current target of 300,000 new homes per year would improve the public finances by £24.5bn over 30 years, a new report has found. The report also found that a household typically saves £37 a week in social housing, compared to private rental and that for 1.6 million households, social rent would be the most appropriate form of housing. Social housing providers, including councils and their ALMOs, are already ahead of the curve on building ‘green’ and their expertise would boost national efforts towards meeting 2050 zero-carbon goals. Read more on the HQN website.

https://hqnetwork.co.uk/news/building-100000-social-rent-homes-a-year-would-contribute-245bn-to-economy-over-30-years-5749

Tories’ Manifesto Pledge To Build 300,000 Houses A Year Now ‘Almost Impossible’

Boris Johnson’s election pledge to build 300,000 new houses a year is in serious jeopardy in the face of labour and material shortages that are causing major disruption across the economy, industry figures have warned. A commitment to reaching the target by “the mid-2020s” was included in the last Tory manifesto as a key part of the party’s offer to increase home ownership to relieve the housing crisis. However, analysts already believe it is “almost impossible” to meet the manifesto pledge under the current conditions. Construction firms have complained of unavailable transport, a severe lack of materials and continued staff shortages among bricklayers, drivers, ground workers, joiners and plumbers. Read more on the Observer website.

https://www.theguardian.com/society/2021/oct/10/tories-manifesto-pledge-to-build-300000-houses-a-year-now-almost-impossible