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Housing Market Trends & Economic Impact Analysis

Explore the impact of housing demand, household growth, population aging, and spatial patterns on sales turnover. Analyze affordability challenges, tenure changes, and supply management in the market.

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Housing Market Trends & Economic Impact Analysis

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  1. NLA Early messages from the evidence base research Brendan Nevin NLA 19 February 2010

  2. Context

  3. Reduction in starts

  4. Sales turnover

  5. Housing demand

  6. Household growth

  7. Population ageing

  8. Local migration patterns

  9. Spatial pattern of growth

  10. Spatial pattern of growth

  11. Spatial pattern of ageing

  12. Housing supply

  13. Tenure

  14. % of dwellings in Council Tax Band A by region, 2007 Source: ONS Neighbourhood Statistics, Dwelling Stock by Council Tax Band, 2007

  15. Non-decency rate by tenure, YH Source: English House Condition Survey, 2006

  16. Market outcomes

  17. Indexed real prices, GDP and average GDP per household Sources: HM Land Registry, ONS, CLG

  18. Average dwelling price mid 2009 Source: HM Land Registry, CLG.

  19. Modelled average household income by MSOA, YH 2007-08 Source: ONS Modelled income estimates at http://www.neighbourhood.statistics.gov.uk/dissemination/

  20. Vacancy rates by LSOA 2007/2008 Source: ONS, neighbourhood statistics at http://www.neighbourhood.statistics.gov.uk/dissemination/. Note: some data is missing. Map shows vacancy rate in 2008, except where data is missing. In these areas, 2007 data has been substituted where available.

  21. Vacancy rates by tenure Source: CLG Regional estimates from HSSA returns 2008

  22. Vacancy rates by local authority, 2008 Source: CLG Regional estimates from HSSA returns 2008

  23. Affordability

  24. Key issues arising

  25. Key Issues Arising • Tenure change and the growth of private renting; • Re-thinking affordability; • The implications of ageing population; • Links between housing and employment • Worklessness • Demographic and housing growth

  26. Key Issues Arising • Stock condition and choice; • Facilitating supply; and • Managing the existing stock

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