There seems to be an awful lot of housing news and comment circulating just at the moment. And it isn’t just more of the same. The arguments for a change of gear on housing policy seem to be growing louder and more frequent. The housing sector, it’s argued, needs to come out fighting. Some of this is no doubt about manoeuvring for position in the run up to the next election. But I don’t think it is only that.
Concerns about the consequences of current policy directions are growing. There’s a lively debate going on about the significance and consequences of the Government’s Affordable Rent programme, and whether or not participation in it means housing associations are complicit in the demise of social housing. There are suggestions that a change of government might herald a reorientation of housing policy. And there are growing concerns about the levels of gearing in the owner occupied sector and the impact that increased interest rates, as and when they arrive, are going to have on household budgets.
But perhaps the most interesting and important element of the debate is the discussion over housing supply. [Read more...]