The government does not yet have “all the ingredients” it
needs to hit its target of 300,000 new homes by 2025, according to a leading
civil servant. Permanent secretary at the MHCLG Melanie Dawes has told MPs that
the target is “very challenging”. Announcements in the Spending Review were key
to working out how far the department could go to achieving its target, she
added. Dawes told the Public Accounts Committee: “We have got a pretty
comprehensive strategy but wouldn’t say at this stage that we have all the
ingredients we need to get the 300,000 on the table. In particular, we don’t
have information yet on our capital budgets beyond this Spending Review
period.” Read more on the Public Finance website.
Why is the number of first-time US homebuyers at a generational low?
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Young Americans are holding off on buying a home, with the average age in
2024 being a record high of 38
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