Posts Tagged ‘Housing Shortage’

Sleeping out in aid of a growing concern

Friday, October 7th, 2011

On 10th November 2011, I will be taking part in a charity sleep out in London’s Exhange Square in a bid to raise money for Centerpoint – the national charity geared towards helping young homeless people.

As a Director for housebuilder, Miller Homes, I have heard a number of alarming facts about the state of the nation’s housing supply.  We are now looking at the worst housing shortage since World War II – a fact which could see tens of thousands left homeless by the end of the next decade.  This is something I wish to draw attention in every way possible.

We are in a position where we have more households than houses. This is a dreadful situation, and one that could have been avoided as we now stare down the barrel at a dreadful housing shortage. That said, I strongly believe that everybody deserves to have a place they can call home and the government needs to ensure that future generations are able to afford what is wrongly now seen as a privilege rather than a right.

We regularly express our concerns that house prices are prohibiting an increasing number of people from home ownership, but rarely do we consider the property supply itself. We must get to grips with the demand for housing before it is too late.

I’d be extremely grateful for any donation, no matter how great or small, as I try to raise as much as possible for such a worthwhile charity. To sponsor me, simply visit http://www.justgiving.com/Sue-Warwick.

By Sue Warwick, National Sales and Marketing Director

A generation locked out

Thursday, September 29th, 2011

It’s a tough old time this recession, particularly if you’re in your twenties. As graduate unemployment heads towards 20 per cent and school leaver joblessness hits 50 per cent, the future for young people seems pretty bleak.

Do you want somewhere to live? Bad luck, rent’s sky high and energy bills are rising so you might as well forget saving. Yes, the future for young Britons appears to be fairly gloomy with that triple threat of massive debts, dower job prospects and the rising cost of living. So is there any hope?

The answer, believe it or not, is yes. I for one cannot help but admire the stoicism of a generation in which 9 out of 10 still have home-owning aspirations. The recent research conducted by property website New-Homes showed that 89 per cent of 18-34 year olds, who don’t already own a home, wished they did. With the financial climate as it is, the rest of Britain might wonder as to how they haven’t been put off all together but this would be missing the point would it not? Homeownership is ingrained in our national DNA.

It was only last week that a young graduate tweeted @MillerHomesUK the following:

“As a 22 year old graduate starting a new job in two weeks I’ve got no money but would love my own.”

Forgive me for generalising but in light of the survey results it would seem that our tweeter represents a fairly large cohort.

Now, whether it’s a planning debate or a mortgage famine that’s hogging property media headlines, as an industry we should be vocal about it, government responsibility or not. The survey results clearly show there is a demand for new homes but the issue being that those aspiring to become First Time Buyers (FTBs) are locked out of the market. On the whole, it’s high time that the government properly addressed the fact that they abandoned a generation when the markets slumped in September 2008.

For us at Miller Homes it’s always been a simple case of supply and demand. We’re constantly looking for innovative solutions to ease the financial burden that’s on your shoulders when it comes to buying a house and I believe the housing industry has a responsibility to provide purchase incentives and keep affordability and accessibility a priority. Social mobility is essential to 21st century Britain and making sure that potential FTBs get all the support they can is integral to that mobility.

By Sue Warwick, National Marketing and Sales Director

Avoiding slum nation for the next generation

Thursday, September 22nd, 2011

The last few weeks have seen a sudden shift in media attention from house prices to housing shortage.  Hallelujah!

For months now I have been warning that Britain is rushing headfirst into a real housing crisis and, recently, I’ve noticed several others getting more vocal on the issue – not least the Home Builders Federation (HBF).

However, when the subject starts being talked about at Number 10, you know you’re getting somewhere.  Yes – David Cameron told MPs earlier this month: “House building is too low in this country, and as we all know, the typical first-time buyer is now in their mid-30s. So we need change – we need more houses to be built.”

About time too!  For reasons out of our control, the housebuilding industry isn’t able to deliver the number of homes required to house our growing population and unless the Government takes action, they will leave behind them an appalling legacy.

However, the housing crisis is right in front of their nose right now.  According to a major study, the results of which were published a couple of week s ago, housing conditions in Britain are among the worst in Europe and cost the nation about £7bn a year by adding to the pressures on the NHS and other public services.

Almost 4,000 people are now sleeping rough on London’s streets – an increase of eight percent since last year.  The number of families on housing waiting lists in London doubled to 362,000 between 1997 and 2010 – and this accounts for just 20% of the waiting list nationally.

In the capital alone, there is expected to be an increase of between 30,000 and 34,000 households every year for the next 25 years, a large proportion of which will be single-person households.

Dr Stephen Battersby, president of the Chartered Institute of Environmental Health (which brought the housing groups together for this report) said of its findings; “The lack of a coherent housing policy for the past 30 years has created an expensive housing market with a shortage of affordable housing.”

There is more to the crisis than just that, but there does need to be an action plan put in place – and sooner rather than later.

The blueprint recommendations of the report were to tackle the housing shortage by the provision of 500,000 green and affordable houses and flats over the next seven years, including bringing empty houses back into use – much like what we have done recently with Infusion our development in Moss Side.

In my view, this will be a good start but unless the Government persuades the banks to increase mortgage supply, they will be fighting a losing battle.

I am hoping that Cameron’s comments were more than just rhetoric on this critical issue but only time will tell and time, I am afraid, is not on the PM’s side with this one.

By Sue Warwick, National Sales and Marketing Director