180 likes | 270 Vues
Role of housing in cities: How does it vary and why does it matter? . Andrew Carter Centre for Cities April 2014. Anomie – a poor sense of belonging, UK in detail Geographic map Proportional map Label areas . Cities matter to the national economy . But their performance varies .
E N D
Role of housing in cities: How does it vary and why does it matter? Andrew Carter Centre for Cities April 2014
Anomie – a poor sense of belonging, UK in detail Geographic map Proportional map Label areas
Important for shelter and for economic reasons . . . Positively: • Contributes £18bn to the economy • Building 100,000 homes could boost national GDP by 1% • Employs 250,000 people • Every 1 new home supports 1.5 new jobs • £1 spent generates additional £2 • Quality of place offer Negatively: • High house prices reduce migration & household formation • Drives up wages (which drive up house prices) • Encourage ‘inefficient’ investment decisions • Raises housing benefit expenditure
Need a placed-based housing & economy policy agenda • Boost land supply • Devolve land-use planning • Refine New Homes Bonus incentive • Remove caps on borrowing for housing investment • Introduce greater competition in house-building industry • Encourage collaboration within housing markets
Questions? Andrew Carter email@example.com 020 7803 4318 07900 168457 @AndrewCities