A total of 300,000 construction workers have been lost to the industry in the last five years – one builder for every home the government has been trying – and failing – to build each year. If the housing crisis is to reach its end, where are all the builders needed to do it?
It’s now a few weeks since the UK officially slipped into recession and while house prices may have fallen slightly in recent months, they still remain out of reach for many at up to eight times annual earnings in England.
That’s got housebuilders tightening belts – an article in the FT recently carried the warning that housing associations simply cannot afford to build the affordable homes that are desperately needed.
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