“The market is too concentrated” – Sajid Javid’s warning to housebuilders
“Housing is this Government’s number one domestic priority,” says Sajid Javid. “The affordability gap faced by home-buyers poses economic problems, but is also the biggest barrier to social mobility in this country today – and I’m determined to tackle that”.
Speaking exclusively to UnHerd, to mark the publication of Home Truths by Liam Halligan, Javid says the UK’s housing crisis is “above all a supply side problem. At the end of the day, we need to build a lot more homes”.
The Communities Secretary also acknowledged concerns that the UK’s house-building industry has become over-concentrated, with large builders wielding too much power. “I certainly want to see a much more diversified market – with small and medium-sized builders playing a far bigger role in providing the homes we need”.
Responding to criticism that ministries and local authorities have been too slow to sell off state land for housing, the Communities Secretary, conceded “there has been a lot of talk but not enough action on selling public sector land”.