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Story summary
- Prime Minister Andy Burnham and Housing Secretary Angela Rayner called the 1.5 million-home pledge a “difficult” challenge.
- Rayner likened the target to marathon, noting it needs 300,000 homes but only 208,600 were built in 2024/25, a 6 percent drop.
- Since July 2024 the government added 392,400 homes, roughly two-thirds of the rate required by 2029.
- A £16 billion Housing Bank will fund infrastructure, with Rayner ruling out rent freezes, citing the Renters’ Rights Act.
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