The recently published
Research Report by Capital Economics commissioned jointly with
the NFA, LGA and Shout has been referenced in a House of Commons
Briefing paper for MPs: "Brexit: Implications for the housing market and
construction industry".
Following the vote to leave the European Union, it is thought
that the decision will have an impact on a wide range of policy
areas and industries, including the house building industry.
This briefing paper summarises the very early indicationsof the
impact of Brexit on the UK housing market and house building
industry. The topics covered include:
- construction industry confidence;
- the housing market;
- house prices;
- house builders' shares;
- the labour market; and
- potential policy responses.
ARCH and the wider social housing sector has identified an
opportunity arising out of Brexit to press for the development of
more housing at sub-market rents.
The briefing paper acknowledges that"there have been some
indications that Theresa May's Government is willing to consider a
policy shift away from ownership products in order to boost
supply"
It goes on to say that the housing sector is hopeful that the
Autumn Statement 2016 will deliver on some of the funding
flexibilities requested and refers to additional support for
development of more social rented housing from the Research
Report.
ARCH and the NFA have made representations
on the Autumn Statement to H.M. Treasury urging the Government to
take a number of measures to actively encourage and enable stock
retained councils to build more homes.