Back to today’s briefing

Story perspectives

UK Housing Crisis: 1.5 Million Homes Target Amid Declining Builds

11/21/2025

26 6

Summary

Story summary

Housing Secretary Steve Reed aims for Britain to reach 1.5 million homes by the next election.
England’s housebuilding fell 6% to 208,600 by March 2025, the lowest in nine years.
The government is consulting on emergency measures to stimulate construction, but concerns remain about affordable housing targets and long-term viability.
In London, regulations raise building costs by 10–15%, straining supply.

1 of 1

Story summary

Housing Secretary Steve Reed aims for Britain to reach 1.5 million homes by the next election.
England’s housebuilding fell 6% to 208,600 by March 2025, the lowest in nine years.
The government is consulting on emergency measures to stimulate construction, but concerns remain about affordable housing targets and long-term viability.
In London, regulations raise building costs by 10–15%, straining supply.