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Analysis of The Government's Newly Released Housing Targets Data

When Boris Johnson sacked housing minister Esther McVey  recently and then  appointed Christopher Pincher, he became the 10th person to hold the position over the past 10 years. We have now been debating how to tackle the housing crisis for the best part of 20 years.

The chronic shortage of new housing has contributed to soaring prices that have put home ownership beyond the reach of most young people. Yet despite the government target to build 250,000 new homes a year, the number of completions over the past decade has not increased much above 100,000.

PropTech firm LandTech has just analysed the Government's newly released housing supply data to give us a deeper insight into what these figures mean for the UK's housing market. This year will be the first time that the Government will have to enforce the "consequences" for Local Authorities that are falling behind on their targets - meaning there will be a dive into uncharted territory over the coming months.

Below are five key insights from the data.
1. We've got more houses. But is it enough?
Each local authority is given a unique housing target, based on household projections and the local housing need. On average in 2019, local authorities were performing at 117% of their individual targets, rising from 112% in 2018. However, over a third (34%) of authorities missed their targets.

2. Are those houses in the right areas?
England and Wales might be building more houses but it's clear from the data that new housing is still falling short in areas where people most want to live – and where prices are highest. Kent and the London commuter belt are increasingly falling behind and Local Authorities such as Gravesham, Medway, and Sevenoaks have failed to reach 75% of their new housing targets.

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