Why is housing important? Firstly and quite obviously, it’s a human right – everyone should have the right to a decent home that is affordable. This obvious statement has been discussed before by many better than me – see “Making the case for housing” by Prof Alex Marsh and work by the Joseph Rowntree Foundation on housing and poverty.
Secondly, it’s important to our economy, an undeniable fact. Just consider the size of the construction sector and of the housing sector and you begin to understand the impact and importance it has on the economy. Construction contributes 6% of UK GVA and there are 280,000 companies that make up the construction industry, providing nearly 3 million jobs (2013 figures). Obviously not all these are in housing but when construction and house building slumps; so does the economy. When house building stalls during a recession; we stay in recession.
We are currently building less than half the number of homes we were 10 years ago and many fewer than we need. The demand for homes is increasing but we are building fewer. That means more people on housing waiting lists, higher rents, more people on housing benefit, more homelessness, more people priced out of the market and more people living in overcrowded and unfit housing. Government and local councils seem either clueless or powerless to do anything to resolve these problems, other than come up with short term schemes that provide partial solutions. If housing is so important to the economy in jobs, GVA and GDP terms then why aren’t we doing more?
Housing is also important to business, for obvious selfish reasons it must be – how can we attract inward investment, new companies and new opportunities to trade if we can’t house the workforce? How can we attract the right people with the right skills if we can’t house the workforce? The cost of housing is identified by businesses in the Bristol city region as a major barrier to growth; businesses consistently say the cost of housing is stopping them from expanding and growing their business, whilst others complain about not being able to attract people with the right skills. So not having enough of the right houses, in the right place at the right price is a major barrier to business growth. The West of England has one of the highest house price to salary differentials outside of London and the South East. Bristol is ranked the 9th least affordable city to live in Britain according to a recent Centre for Cities report “Delivering Change: building homes where we need them“. Housing is important to business because it helps to attract the right people with the right skills and helps to remove barriers to growth and inward investment, but with unaffordable prices our ability to compete is reduced.
For less selfish business reasons housing is an issue for health and wellbeing because if we are not providing sufficient housing close to jobs, then we are forcing people to live further away from their work. That means more time spent travelling and less time spent with family/friends – getting the work-life balance right is harder if you spend 2-3 hours a day travelling to and from work. It also adds to traffic congestion and creates additional environmental problems. I saw a statistic the other day, can’t remember where, that said a person with a one-hour commute has to earn 40% more money to be as satisfied with life as someone who walks to the office. Stop and think about that for a minute and the impact that must have on people’s lives.
Now’s the time, with a general election in 2015 and a Bristol mayoral & council election in 2016, to make sure housing is firmly on people’s agendas; to raise the critical issues and provide the solutions that can be implemented locally. It is easy to sit back and be critical of the inability of local and national political leaders to take strategic long term decisions. We criticise them for having to be sensitive to electoral cycles and for not tackling the difficult issues. Housing is one of those issues that needs a short, medium and long term plan, where the difficult issues need to be faced head on.
Everyone has the right to a decent home. By restricting housing growth and refusing development we are denying people that right. In a prosperous city such as Bristol it is ridiculous that we have around 14,000 people on the housing waiting list, too many people in overcrowded and poor accommodation; and others with nowhere to live at all. So the question remains – what more can we do to deliver the housing that Bristol desperately needs at a price people can afford?
We need local politicians who are brave enough to stand up for the rights of individuals, to provide the homes we need, cut through the politics of housing growth and do what is right for Bristol, the economy and the people who live and work here. And now’s the time to do it!