A Regional Truth
Published by keeley for Longhurst Group in Housing and also in Communities
A critical report outlining the dangerous state of the UK housing sector was recently released. ‘Home Truths’ published by the National Federation of Housing highlights the important relationship between employment and housing as well as drawing attention to the huge regional differences in housing supply and economic growth.
According to the report housing benefit claims have risen by the equivalent of an extra 310 working people every day since 2009, with the East Midlands demonstrating the third largest increase in the country. With rents in the region predicted to almost double* and house prices set to rise by up to 25% by 2020 the financial pressures of household management are bound to grow.
“The severe shortage of homes acts to drive up house prices and the cost of rent forcing more and more people into expensive yet inadequate housing. At Longhurst Group we believe people shouldn’t have to choose between quality and affordability when finding a home. Our ambitious development programme is set to deliver more than 1,000 new homes across the region by March 2015,” commented Bob Walder, Chief Executive of Longhurst Group, a leading housing provider operating in Lincolnshire.Lincol
At a time when house building levels generally have fallen, ‘Home Truths’ reveals that housing associations like Longhurst Group have delivered the majority of affordable new homes in the UK over the last 20 years and are helping to drive economic recovery through their investment in local communities. In fact, Longhurst Group accounted for almost 20% of the new housing association homes built in the East Midlands in 2012-13 and as a result are a major local employer. “The new report highlights the wider implications of building new homes, showing that every new home creates 2.3 jobs. Where possible we try to support the communities we work with by engaging local staff to work on development projects and employing local people to deliver our services across the region.” explained Bob.
*rents predicted to rise up to 45% in East Midlands, much higher than the national average forecast to be 39%.
READ NEXT »