We Are Only Building Half The Homes We Need

New figures show that young people across the country are struggling more than ever to live independently because of the cost of housing.

·         The latest household projections suggest that we need over 220,000 additional homes in England each year until 2031 if the projected growth in households is to be accommodated. 

·         Currently we are building only 54% of that number - putting pressure on prices and rents.

·         The housing crisis is worse in London and the wider south east where 55% of the homes required need to be located.

·         Even if the homes required are actually built the latest government household projections suggest that couples aged between 25 and 34 will be less able to live in their own home in 2031 than their counterparts in 2011.

Read more on the TCPA website.