Is the new homes bonus working?
Overman, H. G.
(2011).
Is the new homes bonus working?
(2011).
Is the new homes bonus working?
A little over a week ago, DCLG announced the first payments under the New Homes Bonus: "Under the first cash payments for the scheme, 326 local authorities will receive a share of £200m for increasing the effective housing stock by almost 150,000 in 2010-11". In contrast, "in 2009 there were just 118,000 completions, the lowest level of house building in peacetime since 1924".