Government falling short on housing - Mortgages - News - Moneyfacts


Government falling short on housing

Government falling short on housing

Category: Mortgages

Updated: 17/05/2012
First Published: 17/05/2012

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

The Government has been accused of falling short on housing, while new figures show the number of new homes being built is falling.

The National Housing Federation, the Chartered Institute of Housing and Shelter have joined forces, saying that the coalition is 'falling well short in tackling the country's burgeoning housing crisis'.

A report has cited housing supply, affordability in the private rental sector and homelessness as areas in which the Government is failing.

"This government has had two years to start delivering on housing, yet this report paints a pretty bleak picture of its current record on housing in all its forms," said Kay Boycott of Shelter.

The group of organisations is calling on the Government to make good on its 'promise to get Britain building'.

It comes just days after Grant Shapps reiterated his desire to significantly improve the self-build industry in the UK.

The stinging criticism of the current state of the house building market has been made worse by new figures from the Department for Communities and Local Government which show just 24,100 new homes built in the first three months of 2012.

It means the number of house being constructed fell by 11% from the last three months of 2011 and 15% from the first quarter of last year.

And David Orr of the National Housing Federation has warned that the problem will only worsen if something is not done soon.

"Much more needs to be done to tackle this country's dire housing crisis. Unless we build significantly more homes, it will only get worse," he said.

"Building new homes will help fix our broken housing market and, with rising unemployment and living costs, spur economic growth by creating jobs and supporting small businesses.

"It's a win/win for the taxpayer and for the millions stuck on waiting lists."

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Does your mortgage lender owe you money?

Earlier this week, the financial watchdog revealed that hundreds of thousands of mortgage holders could have been overcharged by their lender. Are you one of the many who could be in line for a windfall?

Do you think your home will rise in value?

There’s been a lot of talk recently about the rate of house price growth slowing, but is it affecting your personal expectations? According to research, it could be, with fewer people now expecting the value of their property to increase.

Confidence among “second steppers” is on the rise

We all know how difficult it can be taking that first step on the ladder, but what about the second step? In many cases, getting onto the next rung can be just as challenging, but happily, confidence among this cohort appears to be on the rise.