England to Build Smallest Number of New Homes on Record

(Bloomberg) -- Homebuilding in England is set to drop for a fifth straight decade to the lowest number since World War II, according to the Centre for Policy Studies. That’s despite government pledges to step up construction to ease a chronic shortage that’s pushed prices out of the reach of many. Just 1.3 million new dwellings will be built in the 10 years through 2019, less than half the 3 million constructed in the 1960s.

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