(1 year, 6 months ago)
Lords ChamberMy Lords, we have long had a housing crisis. Hundreds of thousands are homeless, millions are living in substandard and overcrowded accommodation, there are 2 million fewer social housing units than some decades ago and home ownership among the young has fallen dramatically. Does the Minister agree that we need to create many more than 300,000 new dwellings per year if we are to achieve a reasonable equilibrium in reasonable time in the UK’s housing market?
The Government’s view is that we need to deliver 300,000 houses per year by the middle of 2025. The noble Lord is right that we then need to look again at those numbers. The key to this is that local authorities look at the housing need in their areas and build to that housing need.