Concerns Grow Over UK Housing Target Shortfall

The Labour government, led by Prime Minister Keir Starmer, has reaffirmed its ambitious goal of constructing 1.5 million homes by 2029, though experts express skepticism about achieving this target. Propertymark's chief executive, Nathan Emerson, warns that meeting this goal would require building over 1,000 new homes daily, a feat that is unlikely given current workforce and supply issues. The Centre for Cities think tank predicts a shortfall of at least 388,000 homes, highlighting that even with maximum private development under the current planning system, the government would still fall short. Furthermore, concerns are raised about declining housing completions and energy performance certificate registrations, indicating a troubling trend in the housing market. Critics argue that significant reforms to the planning system are necessary, potentially including scrapping the green belt or eliminating discretionary planning altogether. The Home Builders Federation also reports a decrease in new build completions, reinforcing doubts about the government’s ability to fulfill its housing commitments.