Chancellor Jeremy Hunt has set out plans to unlock the building of more homes, including through tackling a planning backlog, but the reaction from shareholders in FTSE 100 residential businesses looked lacklustre on Wednesday afternoon.
Among measures in the Autumn statement to boost housing supply is the government investing an additional £32 million across housing and planning, including funding to tackle planning backlogs in Local Planning Authorities. That is alongside further reforms to streamline the system through a new Permitted Development Right to enable one house to be converted into two homes.
