Inadequate housing projections in Government's National Planning Framework need to be addressed
2023 was a year that demonstrated the complexity of supplying homes en masse, even when the determination is there from all to do so. With such a high demand for housing and experienced home builders ready to commence projects, it would be reasonable to assume there should be a meeting of demand and supply. But the intricate nature of home construction involves many hurdles, both expected and unforeseen.
At the start of the year, the Government convened a special summit of stakeholders involved in housing to examine how we could expedite housing supply and overcome the many obstacles in its path. Urgent action was needed. Commencements of housing projects were dropping and all the data pointed to a declining outlook for housing supply ahead. The reasons are well documented.
