Deliver on new homes says RICs

The time has come for the government to deliver in Yorkshire on its house building initiatives, according to the Royal Institution of Chartered Surveyors.

Wednesday, 31st October 2012, 8:19 am

According to the latest RICS Construction Market Survey, levels of both public and private house building continued to drop across the region during the last quarter.

Overall construction workloads across Yorkshire and Humber also dipped once again.

RICS says that the sector has now failed to see any tangible growth in about five years.

Chief economist Simon Rubinsohn said: “The government’s £50 billion stimulus package will hopefully deliver a much needed shot in the arm for the sector, but we would like to have seen a greater level of investment in housing.

“Not only would this provide relatively swift economic returns but it would also go some way to alleviating the pressure on the country’s worryingly low supply of homes.