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Pushing on String: Demand and Supply

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This article starts by reviewing the determinants of demand and looking at recent and current evidence on the extent of excess or unmet demand for housing in general and affordable housing within that, drawing on evidence from a range of recent studies and sources. It considers the future prospects for demand, including particularly demographic changes (migration, household formation), the labour market and incomes, highlighting the interaction of these with economic and market conditions, and the likelihood of quite significant divergence between regions. On the supply side it reviews some key features including the prolonged slump in output and gradual recovery, and limits on social housing output. Future prospects are reviewed, in particular the two key problems of localized nimbyist planning and the sluggish responsiveness of developers. Evidence is drawn from recent application of the author's sub-regional housing market model for England.
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Document Type: Research Article

Publication date: 01 July 2015

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  • Built Environment is published quarterly in March, June, September and December. With an emphasis on crossing disciplinary boundaries and providing global perspective, each issue focuses on a single subject of contemporary interest to practitioners, academics and students working in a wide range of disciplines. Issues are guest-edited by established international experts who not only commission contributions, but also oversee the peer-reviewing process in collaboration with the Editors.

    Subject areas include: architecture; conservation; economic development; environmental planning; health; housing; regeneration; social issues; spatial planning; sustainability; urban design; and transport. All issues include reviews of recent publications.

    The journal is abstracted in Geo Abstracts, Sage Urban Studies Abstracts, and Journal of Planning Literature, and is indexed in the Avery Index to Architectural Publications.

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