OFT investigates housebuilding - papers 22 June

The review will focus on the planning process - whether land that is suitable for development is being used effectively - and customer satisfaction with new houses. It is expected to report back by the middle of next year. The watchdog is concerned that the UK housebuilding market is failing consumers when they buy a new home, and damaging the wider economy. "This is a hugely important market for the economy because of its substantial economic impact and because unresponsive housing supply hinders labour mobility, constrains economic growth, and harms consumers," said John Fingleton, ch...