Pushing on string: Demand and supply

Research output: Contribution to journalArticle

Abstract

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.

LanguageEnglish
Pages144-165
Number of pages22
JournalBuilt Environment
Volume41
Issue number2
StatePublished - 3 Aug 2015

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future prospect
supply
demand
housing
evidence
affordable housing
social housing
market conditions
housing market
economic conditions
population development
labor market
divergence
income
migration
determinants
planning
market
interaction
economics

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Bramley, Glen. / Pushing on string : Demand and supply. In: Built Environment. 2015 ; Vol. 41, No. 2. pp. 144-165
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Pushing on string : Demand and supply. / Bramley, Glen.

In: Built Environment, Vol. 41, No. 2, 03.08.2015, p. 144-165.

Research output: Contribution to journalArticle

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