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Chart: UK housebuilding peaked in the 1960s & has never recovered. Housing completion by sector (000s) shows local authority housing peaking around 1950, but already declining by 1970s, before reaching zero after 1990 with housing association picking up small amount of slack; private sector housing has held pretty steady at between 150,000-200,00 houses per year since the mid-1970s

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Chart: UK housebuilding peaked in the 1960s & has never recovered. Housing completion by sector (000s) shows local authority housing peaking around 1950, but already declining by 1970s, before reaching zero after 1990 with housing association picking up small amount of slack; private sector housing has held pretty steady at between 150,000-200,00 houses per year since the mid-1970s
https://cdn.masto.host/zirkus/media_attachments/files/112/788/907/264/430/529/original/1ce7dae572a394b6.png

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Emeritus Prof Christopher May (chrismayla6@zirk.us)'s status on Monday, 15-Jul-2024 16:43:05 JST Emeritus Prof Christopher May

If you think there a shortage of houses underlies the country's housing crisis (and of course, not all of you do), then as this graph starkly shows, that shortage is almost entirely the result of the collapse of public/social housing new builds - since the 1970s, there has been no appreciable rise (or fall) in annual private house construction.
But of course, private house builders want to engineer a shortage to maintain prices, so we shouldn't be surprised.
#housing #politics
h/t FT

In conversation about 4 months ago from zirk.us permalink