A shift to building more family homes
The latest report from the Home Builders Federation (HBF) published on Friday 30th December underlines how housing supply has rebounded since the shattering financial crash of 2008/09 that saw many house builders disappear and others shedding up to 50% of their staff.
According to the (HBF) report headlined ‘Goodness Spacious Me’, the number of bedrooms built increased from 385,000 in 2008/09 to 478,000 in 2015/16, this was largely as a result of the shift to building more family homes.
Stewart Baseley, executive chairman of the Home Builders Federation said: “The report illustrates the huge increase we have seen in house building since the devastating economic crash of 2008/09 but this is more than just a numbers game. We have an acute housing crisis that can only be solved by building more of the right homes in the right places. Government policy has allowed the industry to focus on responding to the needs of buyers in this regard and, as a result, the industry has delivered huge increases in supply over the last three years.The industry is planning to deliver further increases in output. By addressing the entrenched problems with planning and developing further positive policies to promote development the Government can help maintain this momentum.”
To read the HBF report in full click here
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