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Survey: Housing shortage hampering business recovery

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Lack of housing is constraining business growth, according to a survey

More than 70 per cent of 1,009 line managers questioned by market research firm ComRes said building more homes would bring them more customers.

Almost six in 10 said greater availability of housing would help them recruit and retain staff.

Gill Payne, director of the National Housing Federation, which commissioned the poll, said: ‘Businesses are finding it tough to attract workers and expand because many people can’t buy a home or would struggle to pay high rents.

‘If things don’t change, employers will simply move – potentially out of the country - taking away desperately needed jobs.

‘We need to build more homes that people can afford in the right places so that businesses can grow, take on local staff, inject new life into struggling communities and steer us out of this economic rut.’

Lucy Thornycroft, head of housing policy at employers’ body the CBI, said house building boosted the economy at construction stage and in completion.

She added: ‘Ministers have taken some bold steps in helping people get a mortgage to meet pent-up demand. We now need to see real urgency to boost housing supply and affordable housing to stabilise the market in the longer term.’

AJ reported yesterday that the number of new homes registered with the National House Building Council in April was 39 per cent higher than in the same period last year.

More than 11,000 new UK residential units were registered in April 2013 but The NHF said at least 240,000 were needed each year.










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