Recommendation 5

We support the government’s aims to improve rates of homebuilding to address historical under-supply of homes and address the chronic unaffordability of home ownership, but we remain concerned that at current rates the government will not hit its target of 1.5 million new homes by the end of the Parliament. We acknowledge that annual targets can be overly simplistic, but provisional interim targets are nevertheless a useful way for the government to demonstrate whether it is on track to meet its 1.5 million new homes target before the end of the Parliament. Delivering the new homes needed to improve affordability will require the combined efforts of the government, private sector and local authorities. (Conclusion, Paragraph 42)