Search Acumen comments on today’s ONS Construction Output, September
Andy Somerville, Director of Search Acumen, comments:
“For decades, the UK has been plagued by sluggish output in the home construction sector – so much that we predict a shortfall of over a million new homes by 2022.[i] But, today’s figures show the foundations are being laid to stop the gap widening further between UK housing supply and demand.
“However, we’re treading water. If we are to address the UK’s critical shortfall of homes and return the dream of homeownership back to the realm of reality, we must embark on the greatest housing boom this country has seen in a century.
“This cannot be achieved by industry forces alone. With the Autumn Budget around the corner, it is the housing deficit the government must address, if the UK is to preserve its status as a nation of homeowners.”
Kindly shared by Search Acumen