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Thu May 23 2024

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Housing sell-off could create 340,000 construction jobs

20 Aug 12 Selling expensive social housing as it becomes vacant could create the largest social house building programme since the 1970s according to the Policy Exchange think tank.

This would create 160,000 to 340,000 jobs a year in the construction industry, it says in a report published today.

The sales would raise £4.5bn annually,  which could be used to build 80,000 to 170,000 new social homes a year, says the new report, Ending expensive social tenancies. This would reduce the housing waiting list by between 250,000 to 600,000 households in five years, it calculates.

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