Call for action on homes 'crisis'
Published: 30 August, 2011
LONDON: The housing market will be plunged into "crisis"' without government action to address the "chronic under-supply of homes", warns the National Housing Federation, representing housing associations in England.
The federation said the shortage was hitting home ownership rates and boosting rents.
"More government investment in affordable housing would stimulate a wider, faster economic recovery and help fix our broken housing markets," the NHF said.
The government says it has made more public land available for building but state investment in lower-cost homes has been cut by 63% over four years.