Responding to a report from the Joseph Rowntree Foundation showing that over a third of working households under 40 cannot afford to buy their own homes, and mortgage costs for first-time buyers are at their highest since 1990, Executive Chairman of the Home Builders Federation Stewart Baseley says:
“JRF’s highlighting of the shortage of housing supply in the UK brings welcome attention to a profound social problem in the making. If demand for housing of all types is not met, then houses affordable to young families and those on low incomes will become increasingly out of reach.”
“Given both the aspirations of Britons to home ownership, and the plight of thousands of homeless families, tackling the housing shortage is an imperative.”
Notes for Editors
The Home Builders Federation (HBF) is the principal trade federation for private sector home builders and voice of the home building industry in England and Wales. The HBF’s 300 member firms account for over 80% of all new homes built in England and Wales in any one year, and include companies of all sizes, ranging from multi-national, household names through regionally based businesses to small local companies. www.hbf.co.uk
The, published by the Joseph Rowntree Foundation, can be found at www.jrf.org.uk, or from York Publishing Services on 01904 430033 (embargoed until 00:01am, Thursday 21 September).
For media information, please contact:
Paul Boulter
0207 404 5344
07814 506 378
paul.boulter@portlandpr.co.uk