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450,000 homes needed in a year to meet government target

homes target

The government will need to deliver 450,000 homes in its final year if it wants to meet its target of 1.5m homes by 2029, according to the projections of a new report.

Cross-sector membership organisation The Housing Forum calculated in its report The road to 1.5 million new homes that housing delivery will need to reach 450,000 in 2028/9 to achieve the 1.5m target, a number not seen since 1968.

This estimate takes into account the fact that housing completions are due to slump to around 160,000 in the current year.

The report‘s roadmap includes a timeline of policy change and funding that the housing and construction sectors need to meet the government‘s objective.

The Housing Forum’s chief executive, Shelagh Grant, said: “The government’s targets are ambitious, especially given the challenging situation in which the housing sector currently finds itself.

“However, the organisations we work with across the housing sector – from architects and manufacturers, to housebuilders, housing associations and local councils – are ambitious too. We‘ve set out here the policy reforms that we believe would help the sector to deliver the new homes that are so badly needed.”

  • The 1.5m new homes target is the subject of this month’s episode of the 21CC podcast. You can listen to it here.
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