Friday, 18 December 2015

Slump In New Public Housing Threatens Chancellor's Targets

A sharp decline in new home building by housing associations and local authorities this year could wreck the government’s plans to build 1m new homes by 2020. Housebuilding by the public sector slumped in October, according to official figures, adding to a series of month-on-month falls going back to the election that undermine minister’s claims of a revolution in house building. George Osborne told MPs in his autumn statement last month that measures to support housebuilding would add 400,000 affordable homes by 2020. His comments followed a claim by housing minister Brandon Lewis that a successful housing policy would result “in a total of something like a million homes” by the end of the parliament. Read more on the Guardian website.

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