Chair of Commons committee criticises firms for building at a rate to maximise their profits rather than address the country’s housing need’Britain’s developers fill been accused of increasing their profits from the UK’s housing crisis by restricting the supply of modern houses to keep prices artificially tall.
Latest figures reveal that nearly half a million homes in England now fill planning permission granted but fill yet to be built. The length of time it takes for developers to complete a house has jumped from 24 months to 32.
It reignites a long-running row between policymakers and the housebuilding sector over who is to blame for the current housing shortage.
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Source: theguardian.com