Government ought to seize this opportunity to work with industry says NFB
The National Federation of Builders (NFB) and the House Builders Association (HBA) believe that the Government’s housing policies have contributed to inflating demand for housing without boosting supply, in a recent news release on 27th February from the NFB they think that the Government should listen to industry more on the Housing White Paper.
Figures from the Department for Communities and Local Government (DCLG) on house building in the United Kingdom, shows that 167,700 new homes were completed between Q3 2015 and Q2 2016, that is below the Government’s self-imposed annual target of 200,000 necessary to achieve its ambition of building one million homes by 2020.
The NFB points out that the Housing and Planning Act 2016 focuses excessively on purchasing rather than encouraging different types of ownership and supply, restricting the ability of local authorities to build new homes. The NFB thinks the Government ought to seize this opportunity to work with industry on practical solutions, rather than rolling out initiatives and see what sticks.
Read the NFB recent report 27th February in full click here
You May Also Enjoy
Ignoring these simple winter property maintenance tasks could cost you big time
Half of first-time buyers delaying until after the Budget
Moneyfacts Average Mortgage Rate dips below 5%
Does the market even need a Budget boost?
What You Need To Consider Before Diving Into Property Investments
