Lack of new homes at crisis point, say builders
News Category: Industry News
Published: 06-Sep-2010
The shortfall in new homes being built has reached crisis point, the House Builders Federation has said.
It said that nearly one-third of men plus one-fifth of women aged 20 to 34 are still living with their parents; that the average age of an unassisted first-time buyer is now nearly 37; and that there are almost five million people on local authority waiting lists.
The HBF estimates the shortfall of homes to be approaching a million, yet says we are building fewer new homes now than at any point since the 1920s.
Article courtesy of Estate Agent Today Sign up for EAT newsletter
