5M HOMES NEEDED BY 2039

The Department for Communities and Local Government (DCLG) says five million new homes will need to be built over the next 20 years to cope with an expected increase in England’s population. Immigration was highlighted as a key driver behind a prediction that the number of households in England will climb from 22.7m to 28m by 2039, an increase that will require more than 210,000 new homes a year. Net migration accounts for 37% of the forecast increase, with people living longer and more living alone also pushing up the number of households. The DCLG also noted that there had been a 25% increase in new builds last year across England to 170,690. Elsewhere, the Yorkshire Building Society says there has been a shortfall of 1.2m new homes since 2004.