UK new build supply hits nine-year low
Rightmove warns UK new build supply has hit a nine-year low, urging the government to act before the Autumn Budget.
Rightmove reports that the supply of new build homes in the UK has fallen to a nine-year low, presenting a significant challenge to the government’s current housing targets. This sharp decline in new construction availability has raised concerns among industry leaders regarding the ability to meet national housing goals.
Ahead of the upcoming Autumn Budget, the property portal is urging the government to introduce specific measures designed to support housing delivery. Rightmove argues that immediate policy intervention is required to address the shortage of new homes and reverse the downward trend in supply.
The situation highlights a critical gap between current market conditions and the government’s strategic objectives for housing development. Without targeted support to boost construction, the industry warns that the deficit in new build supply could persist, complicating efforts to increase overall housing stock.