Monday, March 14, 2011
The looming housing shortage
Posted by David Smith at 08:30 AM
Category: Thoughts and responses

There are bigger issues in Japan, but we shouldn't lose sight of other things. This IPPR report on Britain's housing shortage is a reminder of a long-term problem.

It says: "IPPR analysis shows how housing demand responds to three different economic scenarios and projects that even a faltering economy will lead to demand for more than 200,000 additional homes each year. The best case scenario for the economy will require more than 280,000 extra homes each year. But if housing supply continues at the rate of the last twenty years around 160,000 additions per year the gap between the number of households and the number of available homes ranges from 255,000 and 1.2 million by 2025."