That, and reduce the immigration ffs. Importing a city-sized population (500k+) every year? - Sorry mate, you just won't be able to build a new city every year.
In the 1950s the UK was adding about 260k babies per year with a population of about 50 million, or about 0.52% per year
Net migration (immigrants - emigrants) in 2024 was about 0.63%.
I would hope the productivity advances in the last 75(!) years would allow the Uk to build enough homes for 0.63% growth, when our 1950s tools and technology allowed them to accommodate a 0.52% growth
Housing demand caused by births and immigration are different. A baby generally calls for an additional bedroom (easier away from the city), an adult migrant generally calls for their own residence near other migrants (easier in the city).
In the past, the population was growing even while net migration was negative. This means people were having babies. This trend reversed in the '80s and migration has made up somewhere between 37% and 128% of annual population growth since then.[1]
There'd have to be some incredible innovation to overcome increased regulation around zoning and dwelling construction generally, NIMBYism, financialization of everything, and a preference shift towards living in land-scarce cities (urban population up ~145% since 1950).
That's what investor money will do; in western Europe, the same thing has happened with office buildings. At one point, 40% of all office space in the Netherlands was vacant. Investors prefer to invest in office space over housing because it's less parties to interact with, higher rent, 10 year lease contracts, and 100 year lifespan.
Great, immigrants build as much or more housing than they occupy, as a whole. Good news everyone - problem solved! There's no housing shortage after all!
nikanj|8 months ago
Net migration (immigrants - emigrants) in 2024 was about 0.63%.
I would hope the productivity advances in the last 75(!) years would allow the Uk to build enough homes for 0.63% growth, when our 1950s tools and technology allowed them to accommodate a 0.52% growth
yesfitz|8 months ago
In the past, the population was growing even while net migration was negative. This means people were having babies. This trend reversed in the '80s and migration has made up somewhere between 37% and 128% of annual population growth since then.[1]
There'd have to be some incredible innovation to overcome increased regulation around zoning and dwelling construction generally, NIMBYism, financialization of everything, and a preference shift towards living in land-scarce cities (urban population up ~145% since 1950).
1: https://www.worldometers.info/world-population/uk-population...
fragmede|8 months ago
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