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Historical patterns of housing tenure

In a conscious echo of Harold Macmillan who oversaw the construction of more than 300,000 mostly local authority houses in 1953, the Prime Minister recently announced that her government is ‘getting back into the business of building houses’ by allocating £2 billion towards new affordable homes. Commentators were quick to point out this will finance just 25,000 additional properties against a manifesto commitment of 1.5 million new homes over the next five years. Nonetheless, the announcement... Read More >

Recent Articles:

South east UK displayed on map Geographies of housing development The case of the interwar housing market
The interwar period witnessed an outstanding period of housing development - about 1.4 million houses were completed of which 865,000 or 62% were new dwellings in rural England and Wales. Amongst a wide range of factors supporting this boom, Read More >
Monopoly houses balanced on one pound coins Building the way out of the Great Depression How the rise of building societies in the UK contributed to economic recovery
The interwar period in Britain oversaw the boom in the housing sector which resulted in the construction of a significant three million houses. In my previous article I explained how it is this boom which, amongst other factors, has been Read More >
Blurred photograph of crowds walking through London The story of the secondary banking crisis 1973-1975 Duncan Needham, Director of the Centre for Financial History at the University of Cambridge, considers an oft-neglected episode of economic history
In 2008, financial institutions across the globe were engulfed by waves emanating from an over-extended US property sector. The problems surfaced in the ‘shadow’ banking sector, where much of the exposure to the US sub-prime housing market Read More >
Vintage photograph of a stately home in the countryside The UK housing market in the interwar years: what can we learn? An historical look at how a housing boom rejuvenated the economy
Housing, an essential human need, forms a key sector of the economy. It forms a crucial component of investment and in many countries, makes up a large component of overall wealth. Taking the case of the United States, Zhu (2014) noted that real Read More >
Businessmen walking across a bridge The History Man: an introduction My career so far, from trading derivatives to academia
After graduating from the London School of Economics in 1994 with a degree in Government and History, I spent three years with Credit Suisse Financial Products in London and Tokyo before studying Shipping, Trade and Finance for a year at business Read More >

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