Short­age of new homes re­vealed

Yorkshire Post - Property - - PROPERTY -

PLAN­NING per­mis­sions to build new homes are at one of the low­est lev­els in the last five years, ac­cord­ing to a Home­builders Fed­er­a­tion Re­port.

The im­pli­ca­tions of this col­lapse in per­mis­sions are stark and threaten to ex­ac­er­bate an al­ready acute hous­ing cri­sis. Cur­rently the coun­try has a hous­ing short­fall es­ti­mated to be a mil­lion homes, and last year saw the low­est num­ber built since 1923, say the HBF.

Per­mis­sions granted for homes typ­i­cally take up to three years to build. So the im­pli­ca­tions of this drop will not be felt for some time. The New Hous­ing Pipe­line re­port shows that through 2010 there has been a steady fall in per­mis­sions granted for new homes.

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