Across most of the country, new housing supply is almost meeting demand, particularly where housing affordability is better than average. But in higher-demand areas in the south east of England, an increase in supply is still needed to ease affordability pressures. See 'Meeting the million milestone'
The average new home in the south of England is affordable to only 20% of households. To secure the next step up in delivery, the development industry must build homes that are affordable to more people. See 'New solutions to old problems'
Much more land must be released in high-demand areas to reduce competition, lower land values, and enable new homes to be sold at levels the mass market can afford. It needs to be recognised this will limit the capacity for sales proceeds to fund infrastructure and affordable housing via S106 and CIL. See 'The new standard'
For the Housing White Paper to fix the housing market, the Government must take the problem of undersupply in the south east seriously. There needs to be a regional market-led strategy for land release, including a programme of green belt swaps. See 'New solutions to old problems'
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