Issues for candidates – housing targets


One reason candidates might put forward to support more house building is that the house building targets are not being met.

In fact news reports invariably talk about the gap between the number of homes that are built each year and the number required – the housing target.

In 2007 the Labour government set a target for 240,000 homes to be built a year by 2016. The UK is nowhere near that. Why?

[http://www.bbc.co.uk/news/magazine-30776306]

People probably think and indeed are encouraged to think that the target reflects the number of new households needing accommodation each year. They would be wrong.

The target of 240,000 includes – houses to meet extra households AND an additional number to reduce house price inflation. The 240,000 figure does NOT mean there are 240,000 households needing a house each year!

Tomorrow we look at whether building more houses does reduce house price inflation.

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