ponderingturtle
Orthogonal Vector
- Joined
- Jul 11, 2006
- Messages
- 54,796
Sure. Between 2013 and 2014 the population of England increased by 450,800but as noted in the BBC report, only 131,060 new homes were built in the year to June 2015. Obviously that's not an exact match, but it suggests a disparity. The article states:
"At the start of the financial crisis, in 2007, some 177,650 homes were completed in England. This plunged to 106,720 three years later. Since then the industry has recovered significantly, building 131,060 in the year to June."
Averaging out those figues gives around 1,175,500 new homes built since 2006, yet in the same time the population increased by around 3.8 million. Back in 2007 the ratio of new people to new homes was 2.3:1, in 2010 it had risen to 4.2:1, and has only now fallen to around 3.4:1. It's pretty clear that new supply isn't remotely keeping up with new demand. It the population had been flatlining or falling, we'd be laughing, but it hasn't.
Those don't sound to horrifically off for average house hold sizes though. 3.4 to 1 would be pretty reasonable if the average adult had 1.4-2 kids.