2. Immigration Explosion
By 2000 the annual increase in population as a consequence of Labours immigration policies started to far exceed the number of new builds that ended the preceding overall trend for construction to exceed population growth in terms of addressing the UK's long standing housing shortage, especially considering that the average size of households has continued to shrink falling from 3.1 in 1960 to just 2.24 in 2014 (one of the lowest in the world) as a consequence of the increase in single person households and single parent families.
Whilst instead of doubling house building during the immigration crisis the near exact opposite has taken place as far fewer houses were built each year during the noughties. The ratio of average household size is still trending lower which means that even if the UK population suddenly stopped increasing then the falling household size ratio towards 2.15 by 2030 would still imply EXTRA demand for 1.25 million properties to be built just to stand still.
The below graph further illustrates the ratio between the accumulative change in population since 1970 against the accumulative number of new housing builds also since 1970 as an over crowding ratio overlayed with UK house prices that illustrates the worsening trend in the level of over crowding due to inability of new supply to meet new demand that just keeps accumulating each year.
By 2000 the annual increase in population as a consequence of Labours immigration policies started to far exceed the number of new builds that ended the preceding overall trend for construction to exceed population growth in terms of addressing the UK's long standing housing shortage, especially considering that the average size of households has continued to shrink falling from 3.1 in 1960 to just 2.24 in 2014 (one of the lowest in the world) as a consequence of the increase in single person households and single parent families.
Whilst instead of doubling house building during the immigration crisis the near exact opposite has taken place as far fewer houses were built each year during the noughties. The ratio of average household size is still trending lower which means that even if the UK population suddenly stopped increasing then the falling household size ratio towards 2.15 by 2030 would still imply EXTRA demand for 1.25 million properties to be built just to stand still.
The below graph further illustrates the ratio between the accumulative change in population since 1970 against the accumulative number of new housing builds also since 1970 as an over crowding ratio overlayed with UK house prices that illustrates the worsening trend in the level of over crowding due to inability of new supply to meet new demand that just keeps accumulating each year.
Attached Image (click to enlarge)
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