Worsening shortages of materials and labour combined with planning delays will hamper efforts to increase housebuilding in Britain in the next 12 months, according to an industry report.
Planning remains a major barrier to increasing the supply of new homes over the next year, according to a survey conducted by the industry body the Home Builders Federation, the construction finance provider Close Brothers Property Finance and the builders merchant Travis Perkins.
Delays in securing planning permission were cited as a problem by 94% of small to medium-sized developers.
Boris Johnson’s government has pledged to increase housebuilding to 300,000 new homes a year by the mid-2020s to tackle Britain’s chronic housing shortage. The 243,000 homes
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