The Federation’s annual report on the housing market in the North West.
3 February 2017
Home Truths is the Federation’s annual snapshot of the housing market in England. It is published as nine separate regional reports and provides local data on affordability, unemployment rates and the shortfall in housing supply.
This report highlights the housing challenges that the North West faces, including that:
- While overall house prices are lower than the national average at £174,000, homes cost around seven times the average income.
- Across the region, nearly 44,000 too few homes were built between 2011 and 2015 to keep pace with demand.
The report also illustrates how housing associations are providing solutions to these challenges, including that:
- Last year housing associations in the North West completed over 3,000 new homes, and started building 3,500 more.
- Last year associations delivered many homes for social rent and almost two thirds of these homes were funded entirely by housing associations, without government assistance.
Our homes are for everybody – from those most in need, to young people, families and first time buyers, to older and more vulnerable people who may need support. We’ll continue to deliver across the mix to meet changing housing needs.
If you share our sense of purpose, let’s work together to end the housing crisis.