Slump In House-Building
July 21st, 2010Home sweet homeNational Housing Federation (NHF) has announced 85,000 planned home will no longer be built in England after the government has made the decision to axe the regional house-building targets.
The report which was commissioned by the NHF has revealed that town halls substantially reduced plans for new homes after the new government decided to axe the previous government’s regional building strategies. There were only 123,000 homes built in 2009/10, which is the lowest figure since 1923.
Eric Pickles, the community secretary, dubbed the regional targets “a terrible, expensive, time-consuming way to impose house building.”
The South-west had the most cancellations with 60,000 new homes being axed.
The NHF warned that the government’s inability to replace the regional targets with another, will probably lead to a further slump in house-building across the country, regardless of local demand for new homes.
David Orr, NHF chief executive, said: “It is frankly disappointing that so many local authorities have decided to revise down the number of homes planned for their areas. Local authorities need to recognise that just because regional targets have gone, housing need has not.”
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