New research shows that government support will be needed to build 300,000 homes per year

The NHF commissioned Savills to prepare a report on the likelihood of the housing market delivering 300,000 homes per year.

The report looks at whether there is realisable demand to absorb 300,000 homes into the housing market in England each year. This will be critical to deliver the government’s pledge to build 1.5m new homes over five years.

Savills’ analysis and the history of housing delivery since 1945 shows that a clear shift in the tenure mix and pricing of new homes will be needed if this is to be achieved. Business as usual would leave a demand gap of 40,000 to 95,000 homes per year.

A large increase in grant funding for affordable housing could quickly boost demand for new homes from housing associations and other registered providers. These new, low cost rented homes could quickly be absorbed into local markets, providing homes for people on social housing waiting lists and homeless households.

This must come alongside increased land supply through the planning system and resolving the wider financial challenges of housing associations.

In our submission to the government's Autumn Budget and Spending Review, we are asking the government for a rapid boost to the Affordable Homes Programme, extending the current programme by one year, with a funding boost, a shift towards social rent, and greater flexibilities around grant rates and regeneration.

A new long-term Affordable Homes Programme from 2026 for social rent and shared ownership, with minimum funding of £4.6bn per year on average for the first Parliament, on a minimum five-year rolling basis.

Find out more about our Autumn Budget and Spending review submission.

Read the full report on Savills' website.