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Topic: Re:Financial Times article
Posted by: Kathleen Healy
Date/Time: 09/01/15 21:18:00

This is a report on the housing UK housing  market by the Halifax. It is from 2010, so a bit out of date, but still interesting

http://www.lloydsbankinggroup.com/globalassets/documents/media/press-releases/halifax/2010/50_years_of_housing_uk.pdf

It says that the "The decline in house building has been driven by a fall in public sector completions"

in 2009 there were 156,000 houses built, compared to 281,000 in 1960 and 425,000 at the peak in 1968.

I found this report whilst looking for an article I read in the Economist a year or so ago. That article had tables going back to the late 70's. They showed the steep and sudden decline in house building around 1981 when it just about halved from around 400,000 to 200,000 a year and never recovered. Prior to then around half new house builds were public and half private. Housing Associations became a new provider, but in very small numbers, much smaller than the previous public level. The fall was due to Local Authorities being barred from house building.

In the early 80's there  was a surplus of housing in London, as people who prospered chose to move out. Also, up till then as part of the post war consensus, it had been a point of pride with parties of all colours to build as many houses as they could. It must have been apparent though, every year, that house building had more than halved, particularly as the slack was take up and the shortage emerged. Yet we've still been building at half and some years a quarter the pre 1980 levels.

The missing homes are public sector ones. No private builder is going to build houses for people on even average earnings, they'd go bust if they tried to. Also, for commercial reasons private builders, understandably, build where they have a high confidence of getting a good return. Public housing was often built in locations too high risk for private builders. If you drive around the outskirts of London, there are still old industrial areas unattractive to private house builders. Private builders can't afford to spend much beyond the cost of building the houses to clean up and regenerate areas, but that could make sense for a public sector builder. Particularly if you take the view that housing is part of our infrastructure, like roads, to house people who keep cities working.

I don't suppose that too many people, who weren't council tenants, paid much attention to the end of council house building in 1981. It is, however, now effecting those people and certainly their children, as it created a housing shortage that has pushed up the cost of buying or renting privately.It has created winners and losers, largely around generational lines. One example I suppose of how connected we all are.


Entire Thread
TopicDate PostedPosted By
We no longer have a 'Home' Housing Market05/01/15 14:18:00 Adrian Irving
   Re:We no longer have a 'Home' Housing Market05/01/15 14:30:00 Huw Burford-Taylor
      Re:Re:We no longer have a 'Home' Housing Market05/01/15 16:36:00 Andrew Cumming
         Re:Re:Re:We no longer have a 'Home' Housing Market05/01/15 16:51:00 Guy Lambert
         Re:Re:Re:We no longer have a 'Home' Housing Market05/01/15 16:57:00 Richard Greenhough
            Re:Re:Re:Re:We no longer have a 'Home' Housing Market05/01/15 17:01:00 Andrew Cumming
   Re:We no longer have a 'Home' Housing Market05/01/15 14:37:00 Michael Brown
   Re:We no longer have a 'Home' Housing Market05/01/15 14:47:00 Francis Rowe
      Re:Re:We no longer have a 'Home' Housing Market05/01/15 15:56:00 Keith Iddon
         Re:Re:Re:We no longer have a 'Home' Housing Market05/01/15 16:39:00 Guy Lambert
   Re:We no longer have a 'Home' Housing Market05/01/15 17:11:00 Adrian Irving
      Re:Re:We no longer have a 'Home' Housing Market05/01/15 17:20:00 Keith Iddon
         Re:Re:Re:We no longer have a 'Home' Housing Market05/01/15 17:37:00 Michael Brown
            Re:Re:Re:Re:We no longer have a 'Home' Housing Market05/01/15 17:49:00 Adrian Irving
               Re:Re:Re:Re:Re:We no longer have a 'Home' Housing Market05/01/15 17:54:00 Keith Iddon
                  Re:Re:Re:Re:Re:Re:We no longer have a 'Home' Housing Market05/01/15 17:54:00 Keith Iddon
            Re:Re:Re:Re:We no longer have a 'Home' Housing Market05/01/15 18:49:00 Richard Greenhough
               Re:Re:Re:Re:Re:We no longer have a 'Home' Housing Market05/01/15 19:11:00 Michael Brown
                  Re:Re:Re:Re:Re:Re:We no longer have a 'Home' Housing Market05/01/15 19:39:00 Richard Greenhough
                     Re:Re:Re:Re:Re:Re:Re:We no longer have a 'Home' Housing Market05/01/15 19:57:00 Michael Brown
                        Re:Re:Re:Re:Re:Re:Re:Re:We no longer have a 'Home' Housing Market05/01/15 20:17:00 Michael Brown
                           Re:Re:Re:Re:Re:Re:Re:Re:Re:We no longer have a 'Home' Housing Market05/01/15 20:32:00 Keith Iddon
                        Re:Re:Re:Re:Re:Re:Re:Re:We no longer have a 'Home' Housing Market06/01/15 09:42:00 Adrian Irving
                  Re:Re:Re:Re:Re:Re:We no longer have a 'Home' Housing Market05/01/15 22:10:00 Anne England
                     Re:Re:Re:Re:Re:Re:Re:We no longer have a 'Home' Housing Market06/01/15 07:54:00 Steve Taylor
                        Two Myths About the Housing Market06/01/15 09:27:00 Francis Rowe
                           Re:Two Myths About the Housing Market06/01/15 09:31:00 Huw Burford-Taylor
                              Re:Re:Two Myths About the Housing Market06/01/15 10:21:00 Andrew Cumming
                           Re:Two Myths About the Housing Market06/01/15 10:13:00 Adrian Irving
                              A different view from a new new house owner06/01/15 11:07:00 Shelagh Lafferty
                                 Re:A different view from a new new house owner06/01/15 11:15:00 Andrew Cumming
                                    Re:Re:A different view from a new new house owner06/01/15 11:39:00 Julian Pavey
                                    Re:Re:A different view from a new new house owner06/01/15 14:38:00 Richard Greenhough
                                       Re:Re:Re:A different view from a new new house owner06/01/15 14:55:00 Andrew Cumming
                                       Re:Re:Re:A different view from a new new house owner06/01/15 15:01:00 Will Watson
                                          Re:Re:Re:Re:A different view from a new new house owner06/01/15 15:15:00 Richard Greenhough
                                 Re:A different view from a new new house owner06/01/15 11:18:00 Adrian Irving
                                    Re:Re:A different view from a new new house owner06/01/15 11:33:00 Shelagh Lafferty
                                       First time buyer stats06/01/15 11:40:00 John Todd
                                          Re:First time buyer stats06/01/15 12:01:00 Adrian Irving
                                          Re:First time buyer stats06/01/15 12:09:00 Adam Beamish
                                             Re:Re:First time buyer stats06/01/15 12:37:00 Shelagh Lafferty
                                                Re:Re:Re:First time buyer stats06/01/15 13:09:00 Adrian Irving
                                                   Re:Re:Re:Re:First time buyer stats06/01/15 13:33:00 Adrian Irving
                                                Re:Re:Re:First time buyer stats06/01/15 15:18:00 Richard Greenhough
                                                   Re:Re:Re:Re:First time buyer stats06/01/15 17:47:00 Shelagh Lafferty
                                             Re:Re:First time buyer stats06/01/15 14:42:00 Richard Greenhough
   Tough on the youngsters06/01/15 12:37:00 Sean Wales
      Tower Hamlets Psycho06/01/15 13:08:00 Andrew Cumming
         Re:Tower Hamlets Psycho06/01/15 13:13:00 Andrew Cumming
            Re:Re:changes to housing policy needed.06/01/15 13:34:00 Mark Pattinson
               Don't blame foreigners, developers, the government06/01/15 14:03:00 Ken Munn
                  Re:Don't blame foreigners, developers, the government06/01/15 14:40:00 Adam Beamish
                     Re:Re:Don't blame foreigners, developers, the government06/01/15 16:26:00 Ken Munn
                        Re:Re:Re:Don't blame foreigners, developers, the government06/01/15 17:57:00 Richard Greenhough
               Re:Re:Re:changes to housing policy needed.06/01/15 14:04:00 Adrian Irving
                  Re:Re:Re:Re:changes to housing policy needed.06/01/15 14:23:00 Michael Brown
                     Re:Re:Re:Re:Re:changes to housing policy needed.06/01/15 14:34:00 Keith Iddon
                     Re:Re:Re:Re:Re:changes to housing policy needed.06/01/15 15:24:00 Richard Greenhough
                        Re:Re:Re:Re:Re:Re:changes to housing policy needed.06/01/15 15:39:00 Michael Brown
                           Re:Re:Re:Re:Re:Re:Re:changes to housing policy needed.06/01/15 15:42:00 Will Watson
                              Re:Re:Re:Re:Re:Re:Re:Re:changes to housing policy needed.06/01/15 17:44:00 Michael Brown
                                 Re:Re:Re:Re:Re:Re:Re:Re:Re:changes to housing policy needed.06/01/15 17:48:00 Richard Greenhough
                                    Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:changes to housing policy needed.06/01/15 17:53:00 Michael Brown
                                       Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:changes to housing policy needed.06/01/15 18:01:00 Richard Greenhough
                                          Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:changes to housing policy needed.06/01/15 18:09:00 Michael Brown
                                             Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:changes to housing policy needed.06/01/15 18:20:00 Richard Greenhough
                                                Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:changes to housing policy needed.06/01/15 18:26:00 Michael Brown
                                                   Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:changes to housing policy needed.06/01/15 18:34:00 Richard Greenhough
                                                      Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:changes to housing policy needed.06/01/15 18:40:00 Michael Brown
                                 Re:Re:Re:Re:Re:Re:Re:Re:Re:changes to housing policy needed.06/01/15 20:37:00 Steve Taylor
                                    Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:changes to housing policy needed.06/01/15 21:05:00 Keith Iddon
                                       Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:changes to housing policy needed.06/01/15 21:16:00 Will Watson
                                          Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:changes to housing policy needed.06/01/15 21:21:00 Keith Iddon
                                             Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:changes to housing policy needed.07/01/15 08:30:00 Michael Brown
                                                Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:changes to housing policy needed.07/01/15 09:43:00 Adrian Irving
                                          Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:changes to housing policy needed.07/01/15 10:48:00 Vanessa Smith
                                             Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:changes to housing policy needed.07/01/15 11:14:00 Richard Greenhough
                                                Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:changes to housing policy needed.07/01/15 11:17:00 Michael Brown
                                                   Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:changes to housing policy needed.07/01/15 11:32:00 Mark Milligan
                                                      Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:changes to housing policy needed.07/01/15 11:49:00 Keith Iddon
                                                         Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:changes to housing policy needed.07/01/15 11:59:00 Michael Brown
                                                         Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:changes to housing policy needed.07/01/15 12:13:00 Steve Taylor
                                                      Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:changes to housing policy needed.07/01/15 12:30:00 Anne England
                                                Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:changes to housing policy needed.07/01/15 12:14:00 Will Watson
                                                   Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:changes to housing policy needed.07/01/15 12:16:00 Richard Greenhough
                                                      Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:changes to housing policy needed.07/01/15 12:46:00 Keith Iddon
                                                         Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:changes to housing policy needed.07/01/15 14:00:00 Richard Greenhough
                                                            Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:changes to housing policy needed.08/01/15 14:50:00 Vanessa Smith
                                                               Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:changes to housing policy needed.08/01/15 15:03:00 Richard Greenhough
                                                                  Financial Times article09/01/15 13:01:00 Andrew Cumming
                                                                     Re:Financial Times article09/01/15 21:18:00 Kathleen Healy
                                                   Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:changes to housing policy needed.10/01/15 23:10:00 Steve Taylor
                                                      Apropos all of the above, a useful article from the BBC...13/01/15 09:19:00 Ken Munn
                                                         Financial Times - Britain needs to set its housing market in order13/01/15 09:57:00 Andrew Cumming

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