The G15, representing major housing associations in London, reports a staggering 66% decline in new affordable homes, with builds dropping from 13,744 to just 4,708 in two years. There was also a 7% decrease in new builds for the first quarter of 2024-25 compared to 2023. The report indicates that completed homes fell, emphasizing a deepening housing crisis. G15âs vice chair Ian McDermott describes current challenges, including increased costs and labor shortages. He emphasizes a need for radical measures in the upcoming government spending review to address these issues.
The G15 says it has "consistently raised concerns" about the barriers to building new social and affordable homes, adding their new report "reinforces the scale of the challenge".
Ian McDermott, vice chair of the G15, describes the housing situation as a "perfect storm," highlighting rising building costs and labor shortages as significant barriers.
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