Housing Through the roof Recent trends in rental-price growth 8 April 2024 by Cara Pacitti In the context of the significant rental-price growth the UK has experienced over the past two years, this briefing note looks at possible causes, and what we can expect looking ahead. READ MORE
Living standards· Housing Housing Outlook Q1 2024 25 March 2024 by Lindsay Judge and Adam Corlett Welcome to our first Housing Outlook in what looks set to be an election year, and one where housing could well be a prominent issue. This quarter, we consider whether the UK’s housing woes are shared by other developed economies, or if the issues of housing affordability and quality we highlight so frequently are distinctly … Continued READ MORE
Living standards· Prices & consumption· Pay· Housing· Wellbeing and mental health Pressure on pay, prices and properties How families were faring in October 2023 14 December 2023 by Mike Brewer and Felicia Odamtten and Hannah Slaughter and Hannah Slocombe and James Smith Two years into the cost of living crisis, inflation has finally turned a corner. The headline rate of CPI inflation has fallen from its October 2022 peak of 11.1 per cent to 4.6 per cent in October 2023, and the Prime Minister has been able to say that his target of halving inflation in 2023 … Continued READ MORE
Housing· Welfare A temporary thaw An analysis of Local Housing Allowance uprating over time 9 December 2023 by Alex Clegg In the 2023 Autumn Statement, the Chancellor announced that the Local Housing Allowance (LHA) will be re-pegged to the 30th percentile of local rents in April 2024. This will be the first increase to the LHA in four years, good news for the 1.3 million private renter households in receipt of Universal Credit or Housing … Continued READ MORE
Economy 2030· Inequality & poverty· Cities and regions· Housing· Economic growth Talking trade-offs Deliberations on a higher-productivity future in the Birmingham and Greater Manchester urban areas 30 November 2023 by Tania Burchardt and Tara Goatley and Lindsay Judge The cities of Manchester and Birmingham may have illustrious economic histories, but today both underperform the national average on a number of key economic measures. This is especially the case when it comes to productivity growth. Accelerating productivity in each city region would require radical reforms trade-offs to be made, but these changes cannot be … Continued READ MORE
Incomes· Labour market· Wealth & assets· Housing· Intergenerational Centre An intergenerational audit for the UK 2023 13 November 2023 by Molly Broome and Adam Corlett and Sophie Hale and Charlie McCurdy and Cara Pacitti Five years ago, our Intergenerational Commission set out the numerous threats to the UK’s promise of intergenerational progress. More recently, the spotlight has once again fallen on this issue, but this time in the US, where the latest data has started to suggest that living standards for the millennials are catching up with, and on … Continued READ MORE
Net zero· Housing It’s getting hot in here How ever-warmer UK summer temperatures will have an outsized impact on low-income households and low-paid workers 15 August 2023 by Jonathan Marshall Although the UK’s summer of 2023 has been something of a washout so far, the country is getting hotter, with temperatures over 40oC – first experienced in the UK in 2022 – set to become the norm. Hotter weather will impact different people in different ways, so this Spotlight explores what it means for Brits … Continued READ MORE
Housing The Mortgage Crunch 17 June 2023 by Simon Pittaway Recent signs that inflation is proving ‘stickier’ than hoped has raised the prospect of even more rate rises from Bank of England, and a deeper mortgage crunch for households. Higher than expected inflation and earnings in April has led financial-markets expectations of the peak to the current interest rate rise cycle to rise to nearly … Continued READ MORE
Living standards· Housing Trying times How people living in poor quality housing have fared during the cost of living crisis 15 April 2023 by Lalitha Try Plenty of research has shown the important role housing plays on our living standards, attitudes and wider health and wellbeing. But less attention has been paid to the effect of housing quality on living standards. In this report, we use data collected in March 2023 from an online YouGov survey (funded by The Health Foundation) … Continued READ MORE
Housing Housing Outlook Q1 2023 28 January 2023 by Emily Fry and Felicia Odamtten and Cara Pacitti In this first Housing Outlook of 2023, we examine how the cost of living crisis is impacting on working-age individuals’ ability to cope with their housing costs. READ MORE
Monetary policy· Housing Interesting times Assessing the impact of rising interest rates on mortgagors’ living standards 15 October 2022 by Lindsay Judge and Jack Leslie and Krishan Shah R. I. P. low interest rates: the cost of borrowing is seriously on the rise. Inflationary pressures in the economy have been pushing interest rates up for some time, and events since the Government’s mini-budget in September increased market expectations of how high interest rates will rise, and brought forward the date at which they … Continued READ MORE
Living standards· Housing Housing Outlook Q3 2022 17 September 2022 by Felicia Odamtten and Daniel Tomlinson With large increases in private rents reported over the last year, this Housing Outlook reflects on the short- and long-term challenges facing the 4.4 million private renting households in England today. READ MORE
Net zero· Housing Housing Outlook Q2 2022 30 April 2022 by Lindsay Judge and Jonathan Marshall In this Housing Outlook we investigate what the warming world means for England’s housing stock and for the families living in these homes. READ MORE
Housing Housing Outlook Q4 2021 The impact of higher inflation on social renters’ housing costs 22 December 2021 by Lindsay Judge and Felicia Odamtten and Krishan Shah Welcome to the final Housing Outlook of 2021.1 Times are tough for many at present, as prices rise and Omicron puts the UK’s tentative economic recovery in jeopardy. In this quarter’s spotlight we assess the living standards prospects of social renters, and in particular consider what soaring inflation means for their housing costs as they … Continued READ MORE
Housing Hope to buy The decline of youth home ownership 2 December 2021 by Adam Corlett and Felicia Odamtten This briefing note explores how the home ownership fortunes of those aged 25 to 34 have changed over time. Owning one’s home is an enduring preference for the majority of families in the UK, but today’s young people face a more serious set of hurdles to overcome than previous generations if they want to turn … Continued READ MORE
Housing Housing Outlook Q3 2021 The effect of transaction tax holidays on house prices 21 August 2021 by Lindsay Judge and Felicia Odamtten and Krishan Shah Welcome to Housing Outlook Q3 2021. In this spotlight we turn our attention once again to the uncanny performance of house prices over the past year. In particular, we focus on the effect of transaction tax holidays across the UK. Introduced to stimulate the housing market in July last year, the Scottish and Welsh transaction … Continued READ MORE
Wealth & assets· Housing· Intergenerational Centre Stakes and ladders The costs and benefits of buying a first home over the generations 26 June 2021 by Lindsay Judge and Jack Leslie Today’s young people often point bitterly to the lower house prices their parents and grandparents paid, while those from older generations look jealously at the low interest rates that first-time buyers now enjoy. So, who has really had the better deal? In this briefing note we assess the costs and benefits of buying one’s first home over the generations. READ MORE
Housing Housing Outlook Q2 2021 The impact of Covid-19 on housing demand across the UK 1 May 2021 by Lindsay Judge and Cara Pacitti In Housing Outlook this quarter, we consider how Covid-19 has affected housing demand across the UK. In the absence of good rental data, we look below the surface of rising house prices, and consider the impact of home working and lockdowns, as well as Government policy, on housing preferences. Studies for the US suggest that … Continued READ MORE
Covid-19· Housing Getting ahead on falling behind Tackling the UK’s building arrears crisis 16 February 2021 by Lindsay Judge This briefing note examines how families have managed their housing costs over the Covid-19 period. Although the Government has done much to support families over the past year (not least via the furlough scheme and the £20 per week uplift to UC), it is clear that financial strain has grown as the pandemic has worn … Continued READ MORE
Housing Housing Outlook Q1 2021 The Impact of Covid-19 on Housing Supply 2 February 2021 by Lindsay Judge and Cara Pacitti Welcome to Housing Outlook Q1 2021. In this Spotlight we consider the impact of the Covid-19 crisis on the supply of new housing. While construction sites have generally been allowed to operate throughout the pandemic, output was still severely constrained in the first half of 2020. While there was some pick up at the back … Continued READ MORE
Covid-19· Housing Coping with housing costs, six months on… New findings from the Resolution Foundation's Covid-19 study - wave two 30 October 2020 by Lindsay Judge and Cara Pacitti In this spotlight, we use results from a new Resolution Foundation/Health Foundation survey to explore the impact that housing costs are having on living standards as the COVID-19 crisis continues to unfold. Despite some improvements in the labour market since the spring, housing costs continue to be a serious concern for many households as they … Continued READ MORE
Covid-19· Housing· Intergenerational Centre Under water How big will the negative equity crisis be, and who is at risk, in the aftermath of the coronavirus crisis? 2 September 2020 by Maja Gustafsson This report for the Resolution Foundation’s Intergenerational Centre focuses on two big questions: what is the likely scale of the possible low equity problem in the aftermath of the coronavirus crisis; and who is likely to be affected? First, the report shows that the scale of the possible low equity problem looks set to be … Continued READ MORE
Covid-19· Housing Housing Outlook Q3 2020 House prices in recessions 13 August 2020 by Lindsay Judge and Cara Pacitti Welcome to Housing Outlook Q3 2020. In this edition we examine how house prices have behaved in previous recessions, and look set to adjust to the coronavirus crisis. While some might see anticipated house price falls as a potential opportunity for young people to get onto the housing ladder, the Office for Budget Responsibility’s house … Continued READ MORE
Covid-19· Living standards· Housing· Intergenerational Centre Lockdown living Housing quality across the generations 3 July 2020 by Lindsay Judge and Fahmida Rahman For three months, the majority of the population has ‘stayed home to save lives’, bringing the quality of our housing stock and neighbourhoods into sharp relief. In this briefing note, we explore how long-term housing trends have resulted in significant gaps between generations when it comes to living conditions. As we face the prospect of further local or national lockdowns going into the winter months, we argue the inequalities we uncover demand attention from policy makers more than ever before. READ MORE
Covid-19· Housing Coping with housing costs during the coronavirus crisis Flash findings from the Resolution Foundation’s coronavirus survey 30 May 2020 by Lindsay Judge Many (including us) have speculated about how families may be managing their housing costs during the coronavirus crisis. In this spotlight we move from conjecture to firm evidence, presenting findings from our new survey of UK working-age adults on levels of housing stress, and how families in different housing tenures are coping. We find that … Continued READ MORE
