Housing Minister Brandon Lewis' speech outlines the government's housing aims including its intention to deliver 1 million homes by 2021.
Introduction
Thank you for inviting me here today.
Last week we set out our plans:
- for an economy set to grow faster than any other major advanced country in the world;
- for a labour market delivering the highest employment in our history;
- And for businesses that are creating jobs, and building the infrastructure this country needs.
The extra homes you are building reflect that progress.
And your companies’ reports confirm it.
Economies don’t thrive by accident.
This government confronted our country’s problems.
We made the right judgements and took the difficult decisions.
We had a long term vision, and pursued a long term plan.
Today the deficit is down by two thirds, and is continuing to fall.
And our economy is stronger and more resilient.
We used the strong economic foundation we established after 2010 to improve the housing market. My job and yours is to make sure that work continues.
Challenge for the future
We all know much more needs to be done to create a housing market that meets peoples’ needs.
That supports aspiration, increases mobility, boosts productivity and helps local economies grow.
We all know much more needs to be done to create a housing market that meets peoples’ needs.
That supports aspiration, increases mobility, boosts productivity and helps local economies grow.
Spending Review
In the Spending Review we doubled investment in housing, and set out the largest house building programme for 40 years.
We aim to build a million homes [by 2021] and double the number of first time buyers in this Parliament, continuing work started in 2010.
Some have a questioned our emphasis on affordable home ownership.
But we make no apology for this innovation.
It’s what working people want.
86% of people say they would choose to buy their own property.
And yet the aspiration and reality of home ownership has drifted apart.
Why should we not help make aspiration more affordable?
It’s simply old-fashioned political dogma to insist governments only intervene in the market to support renters, when most people would rather buy.
To persist with this outdated mindset risks creating a generation of young people exiled from homeownership.
Budget measures
Starter Homes / Shared Ownership
We’re committed to building Starter Homes, and in the Budget we set out some of ways we will achieve this.
Councils will shortly be invited to apply for a share of £1.2 billion Starter Homes Land Fund.
To remediate brownfield land so it’s ready for construction, and bring more land into the system
We’ll also publish a new prospectus for the Help to Buy: Shared Ownership scheme for first time buyers, and you’ll soon be to bid for a share of £4 billion to get the work started.
Releasing more land for house building
In the Budget we extended that same support to areas wanting to establish Garden Villages.
Public land
For the first time ever local authorities have committed to an ambition to release public sector land for house building.
Land with capacity for at least 160,000 new homes will be released – matching the central government target.
At the same time the HCA will work with Network Rail and councils to bring forward land around stations for housing, commercial development and regeneration.
And we expect the first sites to be brought forward shortly.
In London we have approved the business case for a new Thameslink station at Brent Cross, paving the way for 7,500 new, and desperately needed, homes in the capital.
We want to release more public land, but we also want to increase transparency across the whole the land market, so we’ll be making it easier to access information on land ownership
Planning
Planning permission was granted for more than a quarter of a million homes last year.
It’s a huge turnaround for the planning system we inherited in 2010, which was in a state of disarray, and a byword for conflict.
Permissions are starting to outstrip construction by some by an ever increasing margin.
And that is an issue that must be addressed.
But we’re always looking for any improvements that can be made.
We’ll be setting statutory deadlines for the Secretary of State’s decisions, and streamlining local plans.
We’ll also explore the scope for more ‘zonal’ plans that send clear signals about development potential and offer permission in principle on identified sites that have the support of local people.
At the same time we want to improve the use of planning conditions to prevent delays getting on site.
For example, ensuring pre-commencement conditions can only be used with the agreement of the developer.
Role of the house building industry
We’ll always look for to make improvements – but the government can’t be the only players in the housing market questioning the way we do things.
Everyone needs to respond to the extraordinary demand for new homes.
And our ambitions for house building will only be achieved if we’re all working towards the same goal.
Government or industry – we will all be judged on our actions, not words.
There is a desperate need for new homes in this country, and a millions of young people who want a home of their own.
We all bear responsibility for supporting their aspirations.
History will not remember us kindly if we allow a generation to face exile from homeownership.
Do we really want our children to be worse off than their parents?
Or feel compelled to leave the communities they love and grew up in?
Forced to decline good job opportunities, and all because local housing is too expensive?
That is bad for our economy, and it’s bad for society.
We have been working with the HBF and will continue to do so in the coming weeks. Industry is equally committed to our goal and I would like to thank everyone at the HBF for their work.
So I would like to finish with a challenge.
To use the long term commitment of the government to boost capacity in your industry:
- to build out faster;
- use new technology better;
- and invest in apprenticeships so you have young people with the right skills to build homes.
Other countries are doing this – there’s no reason why we can’t too.
We need to play our part in the global economy. I fully support the work the Prime Minister has done and is doing in Europe. We need the stability of theEU.
Imports and exports have an effect on house building. Certainty and confidence affect the market.
Help to Buy demonstrates this. It is no co-incidence that our economy grew as house building grew.
Help to Buy gave confidence to buyers and developers. We know that Help to Buy doesn’t affect house prices, but it does impact on supply.
Conclusion
There is still a profound need to build more homes in this country, across all tenures, and support the aspirations of people who want to buy a home.
This will be a defining challenge of our generation, and it’s a prize worth fighting for.
The economic and social legacy will last far beyond any of our lifetimes.
Young people have the same hopes and dreams of past generations, and the same ambitions for the future.
Let’s ensure their hard work can be rewarded with a home of their own.
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There is still a profound need to build more homes in this country, across all tenures, and support the aspirations of people who want to buy a home.
This will be a defining challenge of our generation, and it’s a prize worth fighting for.
The economic and social legacy will last far beyond any of our lifetimes.
Young people have the same hopes and dreams of past generations, and the same ambitions for the future.
Let’s ensure their hard work can be rewarded with a home of their own.
Further Reading
UK house prices increased by 7.9% in the year to January 2016, up from 6.7% in the year to December 2015.
Average British home price, tips over 300,000 pounds @onthemarketblog
Running Costs - Zoopla tool, Phil Spencer explains, Dan the Detective Zoopla new TV advert
Shelter launch Great Home Debate ,Ellie Goulding shows her support on twitter social media UK
current account deficit has partial defence against shock says BoE's Forbes
propertyeye.net a new property , residential homes website, for sales and lettings ? Iain Duncan
Smith resigns over planned disability benefit changes,indefensible changes
UK interest rates remain balanced , though sterling hit by EU vote says BoE
No Brexit for me, why I'm staying in a reformed EU and so should you
Rio Ferdinand and housing minister Brandon Lewis launched a new scheme to build thousands of affordable homes across UK
David and Samantha , morning after: how Brexit divorce gets messyPropTech ,WILL change ,the global economy“beyond recognition” Rics at MIPIMconference
Starter Homes: Unlocking the Land Fund Brandon Lewis MP
Video Bank of England Mark Carney Governor quizzed on the risks of Brexit ,Sir Jon Cunliffe
Cyber Criminals Phishing Scam Email, targets rightmove property portal, inc other property sites
Locally-Led Garden Cities , Villages Towns in the United Kingdom
coca cola tango free fall on Osbornes sugar tax
Good News for Airbnb Londoners - online MicroEntreprenuers
AirBnb / online, Ebay Amazon Start Up, micro-entrepreneurs rent property income, internet ,homes
#Budget2016 George Osborne ,Stamp Duty Surcharge ,Tax, Capital Gains Tax,Housebuilding
UrPad Online new Hybrid online estate agent for Wales ,rolled out by Property Industry Experts,Caerphilly
Facebook Founder Zuckerberg settles dispute with no pay out to property developer Voskerician
new affordable housing hits record low in london data shows
Days of Chaps payment numbered ,Central banks rival Bitcoin new RSCoin super currency
what the VLOG ? London property developers, Hackney Dalston E8 Vibe illusion
technology law - eddies from property portals boliga.dk and now zoopla.co.uk
Online estate agents, expecting sales bonaza, as sellers shun costly high street rivals
A Welsh developer of student accommodation ,plans March 2016 IPO + Wales tallest building
Help to Buy: mortgage guarantee scheme, Quarterly Statistics, March 2016
number of high street estate agents going bust up 16% , online estate agents market share up dictated by consumer not industry
NHBC NEW HOME STATISTICS ANNUAL REVIEW 2015,English Housing, Papworth Disability Trust ,Joseph Rowntree & Bungalows !
why Frank Whittle and the Saville row tailor have more in common with Warren Buffet
FT first 'Rightmove maintains grip in battle of property portals @onthemarketblog
Brick-And-Mortar Crumbling? Don't Believe It > Forbes > Leadership
Foxtons high street estate agent facing landmark claim for £2million from group of 55 landlords
Building a new deal for London: Final report of the London Housing Commission
'Kleptocracy tours' 35,000 London properties currently have unknown offshore owners.
Pop-up housing could cut cost of London’s rental market & help UK housing Crisis
Chinese hunt for property bargains in Manchester amongst others say Pinnacle Alliance Property Developer
Property pain Investigation ,service charges increasing rapidly with 30 % of firms increasing fees
UK's largest property developers accused of 'profiting' on the back of the housing crisis
Private rental prices grew by 2.7% in England
Rental prices increased in all the English regions over the year to January 2016, with rental prices increasing the most in London (3.9%).
Property pain Investigation ,service charges increasing rapidly with 30 % of firms increasing fees
Foxtons report 4% revenue increase to City, despite Prime Central London property experiencing a dead-cat bounce
Property Partner successfully completes £15.9M ($22.4M) funding round
Nested - Start Up , property online disruptor to quick sale homes ?
Building a new deal for London: Final report of the London Housing Commission
high street estate agency valuations – flattery will get you nowhere by @emoovceo
Start me up: Why London needs open workspaces for creativity, innovation and growth
Live inquiry application launch 14 th March say Land Registry Marketing Manager
LA police testing knife found on OJ Simpson property - reports
'Kleptocracy tours' 35,000 London properties currently have unknown offshore owners
UK's largest property developers accused of 'profiting' on the back of the housing crisis
Pop Up Housing a solution not just for London but the UK
estate regeneration statement GOV UK DCLG ,Lord Heseltine ,Brandon Lewis MP
Digital Mortgage service: making improvements again & again
Buy-to-let investors 'could face losses'
Uber's property footprint unmatched among San Fran Bay Area ,Tech StartUps
Guests staying with AirBnB for the super bowl top 15,000
Nobroker.com Homes, one step closer to making estate agent obsolete , new round of funding
OnTheMarket overseas properties , Britons with holiday homes in France face paying extra 10% in tax if they sell the property following a Brexit
Guests staying with AirBnB for the super bowl top 15,000
FT first 'Rightmove maintains grip in battle of property portals @onthemarketblog
Morrisons Super Markets signs deal to sell food to Amazon online customers
Amazon eyes up UK restaurant delivery market
Booking.com Launches of Passion Search ,Don’t battle your passions, unleash them
David Cameron calls EU referendum for June 23 2016 Official Statement @onthemarketblog
zoopla.co.uk selects Birst's Cloud BI platform for data integration from all its brands and apps
Good News UK mortgage approvals hit two-year high BoE
IMF Statement: LUXEMBOURG: Concluding Statement of the 2016 Article IV Consultation Mission
Spanish house prices 2015 see rise highest rise 2007 crash , stabilisation of housing market, idealista.com
No Brexit for me, why I'm staying in a reformed EU and so should you
Scotlands House prices rise and sales grow ros.gov.uk
An analysis of recent trends in the Irish rental market 2015 in Review
fourth quarter 2015: First-time buyers took out 87,100 loans to purchase homes. + house prices in UK
GeoPhy Exodus-from-EU-may-spark-correction-in-the-rental-market.html
1st of March David Cameron St David's Day message "wonderful country and a great part of the United Kingdom"
Amazon eyes up UK restaurant delivery market
Bank of England's unease over market's rate view Carney & Shafik
Morrisons Super Markets signs deal to sell food to Amazon online customers
Brick-And-Mortar Crumbling? Don't Believe It > Forbes > Leadership
Chinese authorities shut down microblogging accounts belonging to a real estate mogul
Foxtons high street estate agent facing landmark claim for £2million from group of 55 landlords
Brexit ,purplebricks.com investor, impacts on the property market overall and on aggregate consumption in the economy will be limited
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