Benefits of home building revealed

Posted: 02 Apr 2015 16:52:31 GMT

            Property News - Benefits of home building revealed

House building provides a range of benefits that communities across the country might not be fully aware of.

A new report published by the Home Builders' Federation (HBF) has highlighted the myriad benefits of a concerted effort to deliver more homes across the nation in the years ahead.

According to the organisation's research, the "hidden benefits" of a commitment to increased house building include supporting the more than 600,000 jobs that the sector currently provides, as well as protecting and increasing the £5.5 billion of supplier spending (90 per cent of which stays in the UK) associated with housing development every year.

Furthermore, the new housing sector generates £1.4 billion in direct revenues to the Exchequer and helps to support local areas through investment in associated community facilities, such as new schools, green spaces, shops and services.

HBF executive chairman Stewart baseley argued: "As well as providing desperately needed new homes, increasing house building would deliver massive additional benefits to communities across the land."

He added that as the general election fast approaches, politicians from all of the major parties should now be looking to prioritise their housing policies to help builders of all sizes deliver the much-needed homes that present a wealth of further benefits for local communities.

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