How can the new government reach its 1.5 million new homes target?
Our new report has projected that, in order to meet its target of 1.5 million homes in the current Parliament, the government will need to deliver 450,000 homes in its final year.
Recognising that housing completions are due to slump to around 160,000 in 2024/5, it calculates that housing delivery will need to reach 450,000 in 2028/9 in order to achieve the 1.5 million target, a number not seen since 1968.
The housing crisis causes untold suffering as well as being one of the country’s biggest barriers to growth. The Housing Forum has been very pleased to see housing taking a prominent role in government announcements. Housing Forum members share the Government’s ambitions and are keen to support the delivery of new homes of all tenures across the country.
The road map presents a timeline of policy change and funding needed for the housing sector to meet the government’s ambitious housing goal of 1.5 million homes. It highlights the need to deliver ambitious planning reform, including properly resourcing the planning system, reviewing green belt land particularly around London, and funding infrastructure and regeneration on brownfield sites.
Read the full report for practical insights and analysis.
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Read the full report for practical insights and analysis.
You can download it below.