Home Builders Response to Pre-Budget Report

5 December, 2005

The Home Builders Federation (HBF) today welcomes the Government’s renewed endorsement of the Barker Review and the need for a step change in housing supply.

The HBF also welcomes the opportunity to play a full part in building the new consensus on housing provision called for by the Chancellor.

The key test of the proposals will be their workability – in particular whether they lead to an increased land supply for the housing that is so greatly needed to meet our future social and economic well-being.

Commenting after the pre-budget report, Stewart Baseley, Executive Chairman of the HBF, says:

“The Home Builder’s Federation, wants to ensure that he country has the right number of new homes, of the right types in the right locations. The Government’s increasing commitment to increase housing supply is to be applauded. Over the next 20 years there is a real possibility that housing supply can be brought into a better equilibrium with demand and aspirations, giving more people the opportunity to buy a home of their own. If we are to achieve this we need to ensure that we have a planning system and fiscal environment that helps, not hinders, the industry to build more homes. We will be participating fully in the discussions launched today to further this objective.”

Ends

Stewart Baseley, Executive Chairman of HBF, is available for interview or comment, contactable on: 07788 126897

For more information please contact:

Toby Orr                                              Katie Thompson

020 7404 5344                                    0207 421 6120

07736 175311                                     07866 590747

 toby.orr@portlandpr.co.uk                 katie.thompson@portlandpr.co.uk

Notes to 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