CBI COMMENTS ON DCLG HOUSE BUILDING FIGURES…
The CBI today commented on figures from the Department for Communities & Local Government which show that annual housing starts in England are up by 7 per cent in the twelve months to June 2013 (110,530) compared with the year before, but still 40 per cent below the March quarter 2007 peak.
Rhian Kelly, CBI Director for Business Environment policy, said:
“These are early signs of a pick-up but we need to put it in perspective. We’ve been falling woefully short of building the homes we need for decades. There’s huge pent-up demand which is just not being met – from first-time buyers and from second-steppers looking to get on the next rung of the ladder.
“Help to Buy is a bold move to make mortgages more affordable but it’s only one part of the jigsaw. We need a planning system which gets new properties built quickly; more investment in affordable homes now, not after the next election; and a stronger private rental market.”
Tags: Birmingham, birmingham business news, Business, Business Events, Business Information Portal, Business News, Business startup, businesses, CBI, CBI Director for Business Environment policy, Department for Communities & Local Government, economy, employment, Entrepreneur, Entrepreneurism, entrepreneurs, Government, Graduate, graduate internships, graduate recruitment, housing, investment, london, Manufacturing, mployability, News in Brief, Rhian Kelly, Small and medium enterprises, Small Businesses, SME, SMEs, Students, technology, The BIP, UK, West Midlands, West Midlands Business News
