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...The levelling up department said the NPPF retained a “strong expectation” that authorities would plan positively for the housing needed in their areas....
...“We will abolish section 21,” he said, adding that he would lay out a timeline for eradicating the practice during the bill’s third reading, expected next week....
...(Money: Inside and Out) — Algorithmic pricing in a duopoly model (X summary, PDF here) — Upstarts challenge a foundation of modern investing (Bloomberg) — The politics of housing: owner/renter polarisation...
...Local authorities can resort to compulsory purchase orders....
...Authorities could only meet real need by substantial building or acquisition of housing. Martin Johnson London SE1, UK...
...Currently, our system relies on private developers to build affordable housing. They cannot do this efficiently or at scale. Instead, local authorities should be given the tools to take the lead....
...Local authorities received a revenue grant, reducing as rents rose. Housing associations received a capital grant, recovered out of 100 per cent of inflationary surpluses....
...It would enable some to buy the home they live in and local authorities to buy the rest with sitting tenants....
...The Competition and Markets Authority said that historically the 300,000 target had only been met when councils were providing a “significant supply” of new housing....
...get away with it): Part VI (Leo Perry/Substack) — Colombia to sterilise Pablo Escobar’s ‘cocaine hippos’ (New York Times) — Out of state, out of mind (The Baffler) — The new economic geography of the housing...
...Resilient Weimar (NYRB $, also this John Kenneth Galbraith piece from the archives is free to read) — The Houthis may have checkmated the Biden Admin in Red Sea stand-off (The Intercept) — America’s Housing...
...The difference between the percentage of estate agents reporting a rise in buyer interest versus those recording a drop climbed to 8 points, double the reading of the previous month and the highest reading...
...“The housing market has continued with its perennial issue of inelastic supply. There are far too few houses being built, and the number has been falling as local authorities have cut back.”...
...“Each local authority or council has got the option of whether they want new homes or not,” he said. “I don’t see any improvement until there is a change of government . . ....
...While “a few” rate-setters dismissed January and February inflation readings as the result of “residual seasonality”, “some” on the FOMC noted the recent increases in price pressures “had been relatively...
...The outlook for the UK housing market improved in November as mortgage rates eased, marking the first expansion of sales expectations since early 2022, according to a property survey....
...A third above-expectation reading for US consumer price index inflation in March was the final straw....
...— Corporate debt structure with home and international currency bias (NBER) — Is UK monetary policy driving private housing rents? (Bank Underground) — Does trade uncertainty affect bank lending?...
...But appeasing competition authorities may be another hurdle to getting this deal over the line....
...We must make sure that they do not explode (Peterson Institute) — Seeing like a bank (Bits About Money) — Frustrations over the housing market bleed into Americans’ view of the economy, survey finds (New...
...Housing associations completed 40,000 homes across the UK in the year to March, while local authorities built 4,000, according to the latest data from the Office for National Statistics....
...Australia’s currency and bonds sold off on Wednesday following an inflation reading that was slightly higher than expected....
...The French national assembly is set to vote on Monday on a draft law that would give local authorities broad powers to set quotas on short-term rentals or impose compensation mechanisms, such as requiring...
...Levelling up secretary Michael Gove told the Times that local authorities would have three months to put in place plans to meet their housing needs....
...Further reading:— Millennials and boomers are competing for homes. Guess who’s winning?— The uneasy US housing stalemate...
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