Demand for housing outstripping supply

Demand for housing in the UK is currently outstripping supply, which may reduce the UK's economic competitiveness, the Council of Mortgage Lenders (CML) has reported. Despite the weakening of house price growth in recent years, the CML argues the supply of homes has been mainly static or falling. Backing this up, the House Builders Federation recently estimated the number of households was growing at 220,000 annually, meaning the undersupply of homes is worsening by at least 50,000 a year. Despite the current strength of demand, the National House-Building Council released figures...