New annual housing supply figures 'still a long way short of where we need to be' says CIH
New figures from the Ministry of Housing, Communities and Local Government show that annual housing supply in England amounted to 222,190 net additional dwellings in 2017-18, up two per cent on 2016-17 and one per cent below the 2007-08 peak.
Chartered Institute of Housing head of policy and external affairs Melanie Rees said: “While it’s encouraging to see another increase in the number of new homes, the reality is we are still a long way short of where we need to be. Millions of people are struggling to access a decent home at a price they can afford – we know we need more than 300,000 new homes a year to address the current chronic shortage and meet future demand.
“But it’s not just a numbers game – we need to make sure we are building the right homes, in the right places, for the right prices. For many people on lower incomes, the only truly affordable option is social rent. It is absolutely crucial that the government supports councils and housing associations to build more homes for social rent.”