Section: Housing Provision

News

Government to miss 1.5 million homes target by half a million homes without funding and policy intervention

Posted 11.10.24
National Housing Federation (NHF): Further reading

The government is set to fall short of its ambition to build 1.5 million new homes over this Parliament by nearly half a million homes without significant government support for social housebuilding and first time buyers.

The findings are from a new report by Savills, commissioned by the NHF, which examines how the government can deliver on its 1.5 million new homes target in the current housing and economic climate. It reveals that there is likely to be a shortfall of up to 95,000 new homes a year on average.

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