I know most of us are aware of this, but I’ve pasted this information from government for those who have expressed puzzlement
What are the consequences of not building enough homes?
Purchasing a home has become more unaffordable
The cost of a home is increasing more quickly than earnings. Data published in March 2023 shows that in 2002, the median salary in England was £20,739 and the median house price was £102,000. This equated to an affordability ratio of 4.92. In 2022, the median salary was £33,208 and the median house price was £275,000 equating to an affordability ratio of 8.28.
London was the least affordable region for buying a home in 2022, with the median home price costing 13.3 times the annual median salary. The Office for National Statistics (ONS) provides information on housing affordability in local areas across England.
More adults are living with their parents for longer
In 2002, 2.4 million young adults aged 24 to 30 years were living with their parents in the UK. Data from 2022 shows that over the last 20 years, this has increased by over 1 million to 3.4 million young adults, representing around one in four people aged between 20 and 24 years. Many young people cannot afford to buy homes in their local communities where they have grown-up, due to worsening affordability.
People are living in sub-standard and unsuitable homes
3.5 million homes in England in 2021/22, including 12% of households with dependent children, were in ‘non-decent’ condition. This can be hazardous to occupants and have negative impacts to health and wellbeing.
Non-decent homes are defined by the Decent Home Standard to be homes which do not meet the statutory minimum standard for housing, do not provide a reasonable degree of thermal comfort, are not in a reasonable state of repair, or do not have reasonably modern facilities and services. In 2021/22, 732,000 households in England were considered to be living in overcrowded homes. In some cases, a home which has deteriorated beyond its original lifespan is not being replaced.
Where are new homes needed?
All types of areas across England need new homes, to help local people stay in the areas where they want to live, as well as provide for people moving to an area. Urban areas are under the greatest pressure for new homes as they are where a large number of jobs and services are located.
However, rural areas also need new homes to ensure there are enough people to support the services in small villages and towns. Planning for new homes takes into account local needs and priorities and involves community consultation. For further information, please refer to Fact Sheet 2: How new homes are planned and Fact Sheet 6: The role of design and placemaking in new homes and communities.
I hope that helps.