The Telegraph reports that pension giant Legal & General’s house building arm will accelerate its use of "off-site" construction "and begin erecting 1,500 homes at the end of next year". The paper says that "as well as homes, the site, in the village of Arborfield, has outline planning consent for a school, shops and offices".
The Guardian reports that a study by estate agent Savills has found that "almost 100,000 households in England are being priced out of the property market each year because of a shortage of affordable homes to rent or buy". The paper says that the report "found the number of priced-out households had risen from its previous projection in 2015 of 70,000 a year".
The Guardian reports that Leeds’ Grade I-listed Temple Works is being put for auction this week with a nil reserve price. The paper says that the former flax mill has been subject to several proposals for regeneration, but all have fallen through. "Heritage campaigners fear that the auction process will encourage buyers who may underestimate the scale and cost of renovation", the paper says.
Writing in the Times (subscription), Tom Gatzen, the co-founder of online flat-sharing website Ideal Flatmate says that last week’s budget "was another missed opportunity from the government on housing". He writes: "Rather than gimmicks such as the stamp duty changes, which even the Office for Budget Responsibility has said will only serve to push up house prices, and yet another new target for 300,000 new homes to be built each year, the chancellor should have looked at what can be done to bring rents down for the growing group of people for whom buying is not an option."