"A leak from the Office for Budget Responsibility (OBR) ahead of the official November Budget reveals that the number of houses built in the UK is set to fall sharply in the coming years. Net additions to the housing stock are projected to drop from 260,000 homes a year in the early 2020s to just 215,000 by 2026‑27 - a 17% decline. The leaked figures raise concerns about housing supply and affordability before planning reforms are expected to drive a recovery toward 2030."
"The OBR forecasts that net annual additions will remain subdued in the mid-2020s, with cumulative net additions between 2024-25 and 2029-30 expected to reach 1.49 million - around 10,000 fewer than projected in March. The projected slump reflects subdued housing starts in recent years, higher mortgage rates, and rising building costs. The dip represents the slowest period of housing growth in the decade before planned reforms take effect."
"From 2027 onwards, the OBR anticipates a strong rebound in housebuilding. By 2029-30, net additions could reach 305,000 homes a year - the highest level in decades. This recovery is linked directly to expected improvements in the planning system, which the government says will remove bottlenecks, speed approvals, and make more land available for development. The planning reforms the OBR believe will help homebuilding Central to the OBR's projected homebuilding recovery is the Planning and Infrastructure Bill, which aims to overhaul the UK's planning system:"
Net additions to the UK housing stock are projected to decline from about 260,000 homes a year in the early 2020s to roughly 215,000 by 2026‑27, a 17% drop. Cumulative net additions between 2024-25 and 2029-30 are expected to total 1.49 million, around 10,000 fewer than earlier projections. The slump reflects subdued housing starts, higher mortgage rates, and rising building costs, producing the slowest housing growth period of the decade before reforms. From 2027 the rate is forecast to rebound, reaching about 305,000 net additions by 2029-30 as planning reforms remove bottlenecks and speed approvals.
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