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England to Build Smallest Number of New Homes on Record

England to Build Smallest Number of New Homes on Record

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.

To contact the reporter on this story: Sharon Smyth in London at ssmyth2@bloomberg.net

To contact the editors responsible for this story: Sree Vidya Bhaktavatsalam at sbhaktavatsa@bloomberg.net, Sheldon Reback, Paul Armstrong

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