House building figures and research 'clearest indication government must act'
As the government's latest house building figures show an increase in new starts but a drop in completions, CIH deputy chief executive Gavin Smart says the government must act in the Autumn Statement.
Gavin Smart, deputy chief executive of the Chartered Institute of Housing, said:
"The government's latest house building figures confirm there is still a lot to do to meet the level of supply we need.
"It’s an encouraging sign that the number of new starts is up, but we are still not building anywhere near the homes we need and with every passing quarter the target of a million new homes in the lifetime of this Parliament becomes harder to achieve.
"In recent weeks research has shown us that home ownership is at a 30-year low, private renting is at a 40-year high and homelessness continues to steadily rise.
"The latest house building figures, taken together with research demonstrating the challenges our housing market now faces are the clearest indication that the government must act in the Autumn Statement to make sure more homes are built and the organisations ready to build them are supported."