England short of a million homes

England will be short of a million homes by the end of 2010, according to a new report, suggesting the financial crisis is creating a housing crisis.

The Town and Country Planning Association report, Mind the Gap, has found the gap between supply and demand would be 150,000 in 2009.

Housing completions may be as low as 100,000 in 2008 / 2009 with the rate of growth in the housing sector unlikely to rise above 10% a year for the next few years.

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