How housing helps growth and hits the headlines

A report by the think tank Centre for Cities was published yesterday which generated strong headlines and made a clear link between house-building and economic vitality in major urban areas.

Cities Outlook 2013 calls for more flexibility for local councils in these areas to develop ways of supporting house-building or improvements, which could plug the shortfall in the supply of homes the country needs (currently said to be running at more than 100,000 a year). Its research suggests that meeting this gap could create 150,000 new jobs and add 1% to national economic growth rates, making most of us a winner in the process.

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