The Centre for Policy Studies, a conservative think tank, anticipates that the years between 2010 and 2019 will see housebuilding figures in England lower than any decade since the Second World War, following a 50-year trend in which each decade has seen fewer homes built.
The think tank quotes the prime minister as describing this housing crisis as “the biggest domestic policy challenge of our generation”.
The number of new builds in England built between 2010 and 2019 is expected to be approximately 130,000 per year, a noticeable decline from the 147,000 per year seen during the 2000s and 150,000 through the 1990s, according to the organisation.
The expected quantity of new builds per year this decade is anticipated to be half that of the new builds completed in the 1960s and 1970s.
Accounting for population size, the construction rate in the 1960s was roughly the equivalent of one home for every 14 people over the decade. In comparison, between 2010 and 2019, the ratio is one to 43.
The study reveals that the UK follows the same pattern as England, with housebuilding falling from a peak of 3.6m in the 1960s to 1.9m in the 1990s and 2000s, and this is expected to decline further.
Centre for Policy Studies director Robert Colvile says: “The housing crisis is blighting the lives of a generation and robbing them of the dream of home ownership.
“The government has rightly promised to focus on this issue, and there are encouraging signs that housebuilding is picking up.
“Ministers need to take bold action in 2019 to ensure that the 2020s become the decade in which we break this hugely damaging cycle.”