Building 90,000 new social homes a year ‘could boost British economy by £50bn’

housebuilding

Ahead of the general election, the NHF and Shelter are urging political parties to commit to a long-term plan which prioritises social housing

The next government could boost the economy by £51.2bn and generate £12bn in savings by building 90,000 social homes per year, a report commissioned by the National Housing Federation and Shelter has revealed.

The National Housing Federation’s estimate of 90,000 social homes a year over a 10-year period represents the level of delivery needed to fix the housing crisis and help end homelessness in the country.

The report, published today, indicates that constructing 90,000 social homes each year would yield a combined socioeconomic value of £86.5 bn, taking into account the initial construction costs of £35.4 bn.

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