Housing Housing is at the heart of the financial squeeze families are facing In spite of rising wages and falling inflation, many households feel worse off than before 19 January 2024 by Felicia Odamtten We’re more than two years into the cost of living crisis, and some politicians are cheering its end off the back of falling inflation. However, given that more families say their finances have got worse, not better in recent months, these politicians risk looking out of touch. Indeed, according to the Resolution Foundation, the average … Continued READ MORE
Housing Five things you need to know about the state of English housing 14 July 2023 by Cara Pacitti Housing has been centre-stage in recent years, whether during the ‘stay at home’ orders of the pandemic, high energy prices that put pressure on the ability of many to heat their homes, or high rental asking prices and rising interest rates now feeding through into mortgage costs. Yesterday, new data releases from the Department for … Continued READ MORE
Household debt· Housing A loan scheme for renters could stop tenants from being made homeless 18 February 2021 by Lindsay Judge The protracted length of the coronavirus crisis has led to rent arrears reaching twice the level observed going into the crisis. In January 2021, we estimate that over 750,000 families were behind with their housing payments, 300,000 of which contained dependent children. Before the pandemic hit, many families spent a high share of their income … Continued READ MORE
Covid-19· Housing Government has further to go to protect livelihoods during this crisis Steps taken by the government to protect individuals and the wider economy are welcome, but gaps remain 8 April 2020 by Daniel Tomlinson This downturn is very different from the last. The 2008 crisis originated in the financial services sector, rippling out to the rest of the economy and leading to an increase in unemployment of just over one million between 2008 and 2011. This time is different. The UK, and much of the world, is about to … Continued READ MORE
Wealth & assets· Housing Who owns Britain’s £13tn wealth? 2 July 2019 by George Bangham Britain is in the middle of a decades-long wealth boom. Total wealth now stands at a record £12.8tn, or almost 13 million millions. But where you live, and when you were born plays a big part in how much of that wealth you are likely to own. In the 1960s and 1970s, Britain’s collective wealth … Continued READ MORE
Labour market· Housing· Intergenerational Centre Britain has become a less mobile nation – why? 6 June 2019 by Torsten Bell Donald Trump tells us there are no protesters. He says it so often, he probably believes it. Which is worrying, but also fairly normal. There are stories we hear so often that we simply assume they are true. Here’s one. Our communities are changing ever faster as more and more people move around for work, … Continued READ MORE
Labour market· Housing· Intergenerational Centre Young people are no longer footloose and fancy free – and rent rises are to blame 6 June 2019 by Lindsay Judge Millennials, eh? They never stand still. Always on the move, with their ‘portfolio careers’, side hustles in the gig economy, and no loyalty to the companies they work for. With an attitude like that, it’s no wonder they struggle to find decent work and pay. There’s only one problem with this common trope though. It’s … Continued READ MORE
Housing Social housing: time for change – and for long-term investment 12 April 2019 by Kate Henderson Guest post from Kate Henderson, Chief Executive of the National Housing Federation This week the Resolution Foundation is throwing a welcome spotlight on the future of housing for social rent, and I’m really pleased to be a part of this important conversation about how the nation provides affordable housing for people who need it most. … Continued READ MORE
Housing To build, or not to build: that is the question 12 April 2019 by Stephen Clarke They say a week is a long time in politics (at the moment a day can feel like a long time). The same isn’t often true about economics. Arguably the most important forces in economics are long-running; demographics, big infrastructure projects, technological change. Things that don’t happen overnight. Therefore this blog – the latest in … Continued READ MORE
Housing Social renting: a working hypothesis 10 April 2019 by Lindsay Judge Social housing has many virtues: it provides families with a secure home at a reasonable rent, and the state with a smaller benefit bill and an asset to leverage. So what’s not to like? Other than the upfront cost, perhaps the most enduring objection we hear to the tenure is that it may have a … Continued READ MORE
Housing We need cash for social housing – but honesty and answers too 8 April 2019 by Torsten Bell and Resolution Foundation Analysis Housing has returned to British politics. Falls in home ownership have driven it there, but in so doing opened up a much needed debate about a long neglected issue: renting. Too often in recent decades the background assumption of housing policy has been that social renting is a declining tenure, and private renting a temporary … Continued READ MORE
Housing The one million missing homes? 12 January 2019 by Lindsay Judge The relationship between housing supply and demand is always going to be of interest to those (like us) who care about living standards and housing costs. The ONS household figures published last month have prompted us to think more about this topic, especially given the new data suggests fewer households will form over the next … Continued READ MORE
Housing Home ownership is rising, but the crisis is far from over 22 December 2018 by Daniel Tomlinson Across the country today hundreds of thousands of twenty and thirtysomethings are heading back to their parents’ homes for Christmas. Most (around two-thirds) of these parents are home owners, but the same cannot be said for their kids. Home ownership rates have fallen across all age groups in the UK in recent decades, with the … Continued READ MORE
Wealth & assets· Housing· Intergenerational Centre The Bank of Mum and Dad pays out at least three times in life 4 December 2018 by Torsten Bell Times change, Britain changes, and it doesn’t stop changing just because we’re all naturally obsessed by Brexit. Our need to understand and respond to those changes is as big as ever – and nowhere is that more true than in the growing importance in our society of wealth, which has risen from three times our … Continued READ MORE
Labour market· Housing· Wellbeing and mental health· Time use· Intergenerational Centre All aboard the Millennial Express – longer commutes for less pay 8 November 2018 by Nye Cominetti The ONS serve to uplift and depress analysts like me in equal measure. And today they served up the latter, with new figures showing that the number of people commuting for more than an hour to get into work has increased by almost a third (31 per cent) since 2011. Longer commutes are good news … Continued READ MORE
Housing Lifting the lid on the HRA cap 31 October 2018 by Lindsay Judge and Daniel Tomlinson Budget 2018 may have been a bigger deal than most of us expected but it’s been underwhelming when it comes to housing, especially given the government claimed just weeks ago that ‘solving the housing crisis is the biggest domestic policy challenge of our generation’. That said, we do now have details about the lifting of … Continued READ MORE
Budgets & fiscal events· Housing Easing the housing headache: what the Chancellor should do in next week’s Budget 22 October 2018 by Lindsay Judge No doubt about it, housing is a headache for many young people today. The dramatic fall in the home ownership rates of the under-35s often produces the sharpest pangs for politicians (although as Chart 1 shows, we’ve seen a slight uptick in the proportion of young families owning in the last year or so). But … Continued READ MORE
Housing Housing stress is up – and has shifted. Our debate on social housing needs to keep up 23 June 2018 by Lindsay Judge and Torsten Bell It’s a year on from Grenfell, a tragedy that has taught everyone that social housing has to return to its proper place in national debate. There’s been good progress on this front already: there are fora that give a voice to those living in social rented homes; projects which seek to define the purpose of social … Continued READ MORE
Housing The real barrier to millennials owning a home is not the mortgage – it’s the deposit 11 May 2018 by Lindsay Judge Has the heat finally gone out of the housing market? New data from the Nationwide published this week suggested it might just have, with the cost of the average home falling by more than 3 per cent in the last month. But before aspirant home buyers start putting out the flags, it’s worth setting this … Continued READ MORE
Public spending· Housing· Intergenerational Centre The future fiscal cost of ‘Generation Rent’ 17 April 2018 by Stephen Clarke The future fiscal cost of ‘Generation Rent’ For most people the lion’s share of their income is spent housing and so forking out on accommodation when no longer earning would seem like a tall order for many. The vast majority of retired people own their own home and so have relatively low housing costs, however … Continued READ MORE
Housing Two housing crises 23 March 2018 by We occasionally host guest blogs on important controversies and here, Ian Mulheirn responds to a blog last year by Kate Barker and Neal Hudson. Resolution Foundation’s latest housing report Home Affront is available here. We will shortly be publishing a housing policy paper as part of our Intergenerational Commission. At a time when politics has rarely been … Continued READ MORE
Housing· Tax· Intergenerational Centre Council tax is a farce – it’s time for a real property tax 21 March 2018 by Laura Gardiner It’s an open secret that council tax is a dog’s dinner. It was conjured up in the early 1990s as a half-way house between the hated ‘poll tax’ and the old domestic rates system, meaning those in top-band properties have much lower tax rates than those in cheaper homes. In England and Scotland, it is … Continued READ MORE
Housing· Tax· Intergenerational Centre It’s time to properly abolish the ‘poll tax’ 20 March 2018 by Adam Corlett What is Britain’s most badly designed tax? A leading contender has to be council tax. It’s a tax based on 27 year old house valuations, but this isn’t even the biggest problem. Council tax would bear little relation to property values even if it were revalued. Typical council tax bills for the most expensive homes … Continued READ MORE
Housing Time for some housing honesty 2 January 2018 by Matthew Whittaker The return to work after Christmas is never easy. Unless you’re an estate agent: they love January. Following the pre-Christmas lull, families rush back into wanting to buy and sell their houses (helped in part by the traditional post-festivity spike in family breakdown). But for an increasing number of us, house hunting is becoming little … Continued READ MORE
Housing· Intergenerational Centre Will building more homes help to reduce housing costs? 21 November 2017 by Kate Barker and Neal Hudson As part of the Foundation’s ongoing housing work, leading economist and Intergenerational Commission member Kate Barker and Housing market analyst Neal Hudson write about the impact that boosting housing supply could have on prices and wider housing costs. Since the mid-2000s the dominant narrative about housing in the UK has been around a shortage … Continued READ MORE