'Fewest houses built since 1924' says NHF
A slump in house building is making the prospect of getting an affordable home more difficult than ever for millions of people, according to the campaign group.
Just 127,700 homes will have been built between April 2009 and March 2010, which is 18,000 fewer than over the past financial year, said the National Housing Federation (NHF),
Excluding the war years, the figure will be the lowest since 1923/24, when 86,000 homes were built, it added. Numbers will have fallen for the second consecutive year, as 2007/08 saw 176,660 houses built, dropping to 140,950 the following year.
The NHF spokesperson said: ‘This will be the highest total achieved by the affordable housing sector for a decade.
‘A record 4.5 million people in England are stuck on housing waiting lists and rising unemployment and repossessions has further fuelled demand for affordable housing during the economic downturn.’
In response, a Communities and Local Government spokesperson said: ‘Despite the recession, this government has clearly demonstrated its commitment to support housebuilding through an extra £1.5 billion investment in the Housing Pledge and boosting support for first time buyers in the Pre-budget Report.
‘The power of this government investment means a total £7.5 billion for housing over this year and next is already kick-starting housebuilding, safeguarding construction jobs and will deliver more than 112,000 new homes across the country to tackle the shortage of affordable housing and ease overcrowding.’