Burnham's Ambition to Transform Housing Market Under Threat Amid Housebuilding Crisis Andy Burnham's vow to transform Britain's housing market through radical expansion of social and affordable housing is facing its most severe test yet.
A perfect storm of rising costs, weakening demand, and higher borrowing costs has engulfed the sector, with developers issuing profit warnings at a rate not seen since the global financial crisis.
England saw 208,600 new homes built in 2024/25, a 6 per cent fall on the previous year and the lowest annual total since 2015/16. This decline is hardly the kind of momentum needed to meet Labour's pledge to deliver 1.