Housing In England Report

A new report from the National Audit Office (NAO) comments on the government's ambition of delivering one million new homes by 2020. Surprisingly, it concludes that it does not require a substantial increase in current levels of housebuilding. The report concludes that:

·         The need for housing in England has in recent years grown faster than its supply.

·         To keep up, housebuilding needs to increase across the country.

·         Housing has become more affordable for existing homeowners.

·         In contrast, social rents have risen faster than wages.

·         Housing is less affordable for a first-time buyer now than it was in the 1990s.

·         Homelessness has also increased over the past five years.

Download the report form the NAO website.