Housing
Housing Supply Boost
Upfront
+£2.0bn
Annual
-£8.0bn
Revenue
+£12.0bn
Net Annual Effect
+£4.0bn/year
Payback in 3 years
GDP +2.5%Productivity +0.5%high uncertainty
3 sources
← Back to Domains
Housing
Housing Supply
Backlog
4.3 million homes (Centre for Cities)
Price/Earnings
7.7x (11.1x London)
Build Rate
208,600/year
28%Current
Potential: 80%
✗Key Problems
- 1.4.3 MILLION home backlog - 96 fewer homes per 1,000 than EU
- 2.Price/earnings 7.7x (London 11.1x) - generation locked out
- 3.1.33m on social housing lists, 131k in temporary accommodation
- 4.Built 2.9m FEWER homes than France over recent decades
✓Solutions
- 1.ABOLISH discretionary planning: Meet code = APPROVED
- 2.BUILD on 5% of Green Belt within 800m of train stations
- 3.SCRAP affordable housing mandates: They reduce total supply
- 4.£5,000/home council payment: Make building politically rewarding
Analysis
Root Causes
1
4.3 MILLION home backlog - 96 fewer homes per 1,000 than EU
2
Price/earnings 7.7x (London 11.1x) - generation locked out
3
1.33m on social housing lists, 131k in temporary accommodation
4
Built 2.9m FEWER homes than France over recent decades
Reform Pathway
1
ABOLISH discretionary planning: Meet code = APPROVED
2
BUILD on 5% of Green Belt within 800m of train stations
3
SCRAP affordable housing mandates: They reduce total supply
4
£5,000/home council payment: Make building politically rewarding
Cascade Effects
Reforms in Housing Supply will have downstream effects on 7 connected domains:
Policy Costings
Rigorous fiscal analysis of Housing Supply reforms
