| Abstrakt: |
This paper presents a brief historical analysis of the housebuilding industry in the UK, focusing on the impact of the 2008-09 recession on its activity and structure. It explores the process whereby the industry has been increasingly dominated by the biggest housebuilders. The paper draws lessons from postwar housebuilding programmes in the UK, and the priority given in that period to using plannable supply mechanisms. It describes how the shape of the industry has changed since then and focuses on the impact of the most recent recession. The authors show how the market share of the largest five housebuilders has increased during this period of austerity. The article discusses recent policy initiatives over housing supply, and concludes that they will fail to deliver the number of homes the UK is estimated to need. Future policy, the authors suggest, should seek to stimulate housebuilding by local authorities and other non-profit providers, whilst also boosting an emerging community-led sector. [ABSTRACT FROM AUTHOR] |
