Home-building figures could fall below 1923 levels

 

 

So many building projects have been abandoned since the coalition Government came to power that the number of new houses built next year could fall below 100,000 for the first time since 1923.

 

Almost 85,000 homes that were at the planning stage are not going to be built because of the abolition of Labour's regional housing targets, according to a report commissioned by the National Housing Federation.

 

Most of the houses that were going to be built would have been in the south-west and east of England, where job prospects are better than in the north. Inevitably this will make it harder for people in the north to move to where the jobs are when government cuts start to bite.

 

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