Dec 03 2024 18 mins 3
Is it still possible to complete the 1.2 million homes project on time?
The data actually says no, and I'll be breaking down why not.
The government aims to build over 200,000 homes annually, but only 162,000 homes were completed in the last year, indicating a 32% shortfall. Even if homes are approved, they may not be built in time to meet the target.
The council predicts only 1.04 million dwellings will be completed by 2029, falling short of the 1.2 million target. Now there are a couple of reasons for this shortfall...
Join me as I dive deep into what exactly those shortfalls are and what the data says historically that leads us to believe the project will definitely not be completed at this rate.
Don't forget to click on this episode to know the full details on why this ambitious project is falling short of its target.
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