Housing gap

The Housing Gap is the term used in the Association for Consultancy and Engineering’s July 2013 housing research and refers to the differential in supply between house building rates and population growth. This gap equates to approximately 886,000 homes being needed by 2021 that are not being built. Using the mix adjusted price from DCLG for 2010, this places the market value on this gap of £185bn. To put this into context, this housing gap projection in 2011 is equivalent to the number of houses in Portsmouth, jumping to one the size of Kent by 2018, twice the size of Birmingham by 2021.

Housing gap

The Housing Gap is the term used in the Association for Consultancy and Engineering’s July 2013 housing research and refers to the differential in supply between house building rates and population growth. This gap equates to approximately 886,000 homes being needed by 2021 that are not being built. Using the mix adjusted price from DCLG for 2010, this places the market value on this gap of £185bn. To put this into context, this housing gap projection in 2011 is equivalent to the number of houses in Portsmouth, jumping to one the size of Kent by 2018, twice the size of Birmingham by 2021.