Abstract
Over two decades a rapidly swelling population has collided with a profound decrease in the supply of new homes, leading to soaring housing costs for buyers and renters. The cracks are showing. The number of households in England in emergency accommodation hit 77,240 this year, an increase of 60% since March 2011. On top of an annual housing benefit bill of £25 billion, the UK now spends nearly £1 billion a year just on temporary accommodation for homeless households. Meanwhile, private housebuilders are reaping cash rewards described as “obscene.” With no individual actors sufficiently empowered or incentivised to fix the chaotic market, the author calls for a radical approach: a new National Housing Body equipped with broad powers to get decent homes built where they are needed.
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