The Housing Crisis 2024 News. Ms powell says speeding up the approvals process at the council level would help achieve this target. Shortages of land, lending, labour and materials are some of the factors fuelling the housing crisis.

The government has made building more homes a policy priority, committing to build 1.2 million new homes over five years. The biden administration and housing experts link that squarely to a severe housing shortage that has helped drive up prices.