Morning Briefing: unbuilt homes and collapsing homeownership

In the news

More than 423,000 homes have been given planning permission but are still waiting to be built, according to new research published today by the LGA.

The study, commissioned by the LGA and carried out by industry experts Glenigan, shows the backlog has grown by almost 16% in the past year.

In 2015/16, the total number of unimplemented planning permissions in England and Wales was 365,146, rising to 423,544 in 2016/17.

The news has made

Elsewhere, research by the Institute for Fiscal Studies (IFS) warns of collapsing homeownership among young people.

For 25 to 34-year-olds earning between £22,200 and £30,600 per year, homeownership fell to just 27% in 2016 from 65% two decades ago, it claims.

Andrew Hood, senior research economist at the IFS, told The Guardian: “Homeownership among young adults has collapsed over the past 20 years, particularly for those on middle incomes.”

The Guardian also has a comment piece about the class divide between landlords and tenants.