13,000 homes drop despite increased funding for housebuilding

Measures outlined in the Autumn Statement will lead to a reduction in overall housebuilding by housing associations of 13,000, according to the Office for Budget Responsibility (OBR).

The OBR said that despite additional funding to support housebuilding announced by chancellor Philip Hammond, the net effect of policy decisions would be to reduce the number of homes developed by associations by 13,000 over the next five years.