UK Mortgages. Rates, Remortgages, Getting a Mortgage.
29 January 2008 10:30 The government’s ambitious housing targets do not fit construction activity or demand, according to new data from the Royal Institution of Chartered Surveyors (RICS). Last year, the government announced that it hoped to deliver two million extra homes by 2016, rising to three million by 2020, with a focus on ensuring that these properties are built in local communities where they are required. Yet RICS’s figures suggested that the speed of construction is instead declining, with the majority of building firms reporting an increase in their workload over those recording a fall declining from 17 per cent in the third quarter of 2007 to 16 per cent in the fourth. Private housing was also found to account for a declining proportion of these companies’ work, while the balance between firms expecting a rise instead of a fall in business over the next quarter dropped to a two-year low of 43 per cent.
RICS: Construction trends belie government’s housing aims
How often do housing targets and actual data not fit?
Its happened again