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Nationwide, the average house price is now 8 times the average income. People in their early 30s are half as likely as their parents were to own their home.A third of all men in their 30s are still living with their parents – a stat that will send a shiver down the spine of all mums and dads everywhere! Half an hour ago, the official figures were published showing that the number of new homes in England increased by more than 217,000 last year.That represents the highest level of net additions since the depths of the recession, and it’s the first time in almost a decade that the 200,000 milestone has been reached.And homes are the rocks on which families and communities are built.
We’re providing hundreds of millions of pounds of finance for small and innovative builders to accelerate construction speeds. Yet it is painfully obvious that there remains much, much more to be done.It’s not the backdrop to your life, it’s a fundamental part of it – and of society too.