Wednesday 16th March 2011 England is facing a massive housing crisis according to a report published this week.The news comes after the country’s housing policy looks to undergo radical changes.The Institute for Public Policy Research (IPPR) claim the housing shortfall could reach 750,000 homes by 2025.The report - ‘The good, the bad and ugly: housing demand 2025’ - says that even in an economy that remained slow-paced the demand for housing would still be more than 200,000 each year.If the economy recovers that figure would increase to 280,000, and only the North West would be able to meet such demands.IPPR director Nick Pearce said: "We cannot go on as we have done. Britain needs to build more homes. That is not going to happen without a fundamental review of housing policy," The hardest hit areas will be in London and the South East, with a housing gap of 325,000 homes, followed by the East and Yorkshire and Humberside with 151,000 homes too few."If the rate of house building does not radically increase, we face a growing housing crisis. Whether the economy performs well or poorly, a serious gap looms between housing supply and demand,” he continued."Our ageing population and rising expectations for living standards are going to drive up demand, but if there is no change in housing policy it will seriously hold back supply."The IPPR calculated the shortage by analysing government projections of housing demand. It has now launched a year-long inquiry into housing supply, allocations and management and the sector’s links to the wider economy.Speaking to the BBC, a spokeswoman for the Department for Communities and Local Government, said: "The government has introduced a wide package of reforms designed to boost housebuilding, including reform to the planning system.The IPPR studied a number of different economic scenarios, and how this would affect the housing stock.Katie Schmuecker, Senior Research Fellow at IPPR, who compiled the report, said: "This new analysis raises serious questions for future housing policy. By 2025 the demand for housing will significantly outstrip supply - and this is the case whether the economy performs well or poorly between now and then."
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