England's 1.5 Million Housebuilding Target Faces Setbacks

Government’s 1.5m housebuilding target in England is suffering subsidence | Nils Pratley

As the country’s biggest housebuilder cuts land buying and the Iran war pushes up costs, setting an ambitious figure appears even more foolish This is what the government didn’t want to hear when its target to build 1.5m new homes in England during this parliament already looked out of reach. The country’s biggest housebuilder is trimming its purchases of new land because the Iran war has created “a less certain backdrop”. Barratt Redrow’s “disciplined approach” isn’t a downing of tools, it s...

By Nils Pratley