We have started a new project at CaCHE on housing supply and its discontents in the UK:
Perhaps one of the biggest political and societal challenges of our time is housing supply. Even the UK Government thinks the housing market is broken and our biggest housebuilders say they alone won’t be able to deliver the number of homes necessary to meet policy ambitions. In England, the growing lag between planning approvals and housing completions is given as one explanation for the sluggish speed of housing delivery and is of increasing political and popular interest. Yet, build out rates form only one part of a much more complex set of processes that determine the speed and mode of speculative housing delivery. How housebuilders interact with land markets, make product selection choices and manage construction programmes are also likely to influence supply outcomes. …
It is for these reasons that we have chosen to focus our exemplar project on a systematic review of existing evidence around how the speculative housing supply system currently works and consider the limitations to its current operation. In doing so, we will be able to evaluate whether, and to what extent, the speculative housebuilding industry is able to address new demands in the supply side of the housing market and reflect on how policy solutions brought forward to address housing supply problems have been effective or otherwise. (CaCHE)
To read the details of the project, click here.
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