Housebuilding Declines as Developers Request Cost Support

Housing Secretary Steve Reed emphasizes the need for Britain to “build, baby, build” to meet the government’s goal of constructing 1.5 million homes by the next election. However, housebuilding in England has reached its lowest level in nine years, with a 6% decline in new homes, totaling 208,600 built in the year ending March 2025. This slowdown raises concerns about meeting housing demands and targets. The current situation underscores the challenges facing the construction sector.

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