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 25 years than previously expected. The downward revision is significant: while the 2014-based figures anticipated an average 210,000 additional households a year would set up in England over the next quarter century, the latest batch of numbers now suggests an annual total of 159,000. So is the (population) pressure off when it comes to the need to build new homes?

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