Housing construction falls ‘well below’ government’s targets
REA Group Senior Economist Paul Ryan says construction has fallen well below the targets the government is aiming for over the next five years.
Housing construction falls ‘well below’ government’s targets
“We only built 170,000 homes a year in 2023, and we’re aiming for 240,000 homes,” he told Sky News Business Editor Ross Greenwood.
“I think the big thing the government can do is open up more developmental land.
“That will reduce the price of development. That’s what the government can control.”
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