Author Topic: Not enough new homes being built.  (Read 5207 times)

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Philofacts

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Not enough new homes being built.
« on: June 06, 2011, 11:10:02 am »
Is a lack of reasonably priced land keeping house prices high?

In 1936-37 a record 370,000 new homes were built. Over 300,000 new homes were also built each year in 1951 to 1953.
Today only around 100,000 new homes are being built - a shortfall of 130,000 each year.

Reasons vary from the high cost and supply of development land to the lack of availability of first-time buyer mortgages.

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Banjo

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Re: Not enough new homes being built.
« Reply #1 on: June 06, 2011, 12:11:39 pm »
There are not enough new homes being built.  The shortfall has been going on for years.

There will be a big shortage if something is not done soon. 
The effect will be to keep house prices high.


The Brickkicker

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Re: Not enough new homes being built.
« Reply #2 on: June 07, 2011, 01:54:57 pm »
Inevitably the market will decide these things for us

It is just a bit slow to react at the moment ....Due to the banks taking all the money in the economy and blowing it on Moet and Chandon
The rental market is taking up the slack in the system  which is good for what has been a bad few years for the rental sector

It is all swings and roundabouts at the moment ...and if I knew where its going to land ....then I would be a rich man
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Philofacts

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Re: Not enough new homes being built.
« Reply #3 on: June 07, 2011, 02:18:36 pm »
It does look like the rental sector will support the housing market for some time.
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Banjo

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Re: Not enough new homes being built.
« Reply #4 on: June 10, 2011, 02:40:35 pm »
Buy-to-Let to the rescue again!

The Prophet

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Re: Not enough new homes being built.
« Reply #5 on: June 11, 2011, 11:10:24 am »
But according to Bellway Homes yesterday; quite a lot are being SOLD!
Go figure..........