UK House Building At Lowest Level Since WW2

UK House Building At Lowest Level Since WW2

The 2010s decade will end with the fewest new homes being constructed of any decade since the end of World War 2 (WW2), new analysis has revealed.

Research by the Centre for Policy Studies (CPS) revealed that new-build housing completions are expected to come in at an average of around 130,000 per year between 2010 and 2019. By contrast, this figure was 150,000 in the 1990s, and 147,000 in the 2000s.

The average for this decade is also around half of what was constructed in the 1960s and 1970s, the organisation pointed out.

According to the CPS, the picture is “even worse” when you consider population growth. In the 1960s, new build properties were being built at a rate of around one for every 14 people. By the 2010s that has changed to one property for every 43 people.

Robert Colville, director of the CPS, commented: “As this analysis shows, this is not just the consequence of the financial crisis – it is part of a pattern stretching back half a century, in which we have steadily built fewer and fewer new homes.”

The CPS findings come after the latest data from the Office for National Statistics found that construction output in the UK dropped slightly in October. This was despite private house building activity increasing over the month, because this climb was offset by a decline in both public house building and infrastructure.

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