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
Coronavirus· 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
Coronavirus· 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
Coronavirus· 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
Coronavirus· 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
Coronavirus· 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
Coronavirus· 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
Coronavirus· Housing Housing Outlook Q2 2020 Housing and the coronavirus income shock 9 April 2020 by Lindsay Judge and Cara Pacitti We analyse what the coronavirus income shock means for families as they seek to manage their housing costs in the coming months, and assess the ways they are being helped to weather the storm. READ MORE
Housing Housing Outlook Q1 2020 30 January 2020 by Cara Pacitti and Daniel Tomlinson As we enter a new decade in which both the politics and economics of housing look set to be centre stage, this quarterly publication will be tracking all the key trends as the 2020s unfold. We will be keeping an eye on the housing market, and the way that housing intersects with both living standards and policy developments. This quarter, we begin with a look at house prices and ask whether the ‘levelling up’ we observe across the country since 2016 is at an end, or if the process still has further to run. READ MORE
Housing· Political parties and elections Streets apart An analysis of manifesto commitments on housing 2 December 2019 by Lindsay Judge Clear positions are one thing – but polarisation is another. While the former help us make informed choices at elections, the latter bodes ill for policy continuity over the long term. If there is one policy domain that particularly benefits from cross-party consensus it is housing, with its long lead-in times and decisions that are … Continued READ MORE
Housing Inequality street Housing and the 2019 general election 9 November 2019 by Daniel Tomlinson Political parties’ housing policies need to tackle the reasons for the public’s heightened concern about housing: low home ownership rates, high housing costs and the burden of high costs falling particularly on those with lower incomes. READ MORE
Wealth & assets· Housing· Intergenerational Centre Game of Homes: The rise of multiple property ownership in Great Britain 15 June 2019 by George Bangham Additional property wealth is a big deal in Britain today. One-in-nine adults own some, and its combined value is almost £1 trillion. By value, it makes up one-sixth of all property wealth. READ MORE
Labour market· Housing· Intergenerational Centre Moving matters Housing costs and labour market mobility 6 June 2019 by Lindsay Judge Moving matters for living standards. Taking a new job in a different firm has a larger pay uplift than simply being promoted , and moving to a more productive area comes with an even bigger pay premium. In this note we look at why young people are moving jobs and homes less than in the past, and explore the extent to which diverging housing costs lies behind this trend. READ MORE
Wealth & assets· Social mobility· Housing· Intergenerational Centre House of the rising son (or daughter): the impact of parental wealth on their children’s homeownership 4 December 2018 by Stephen Clarke and John Wood The rise of the so-called Bank of Mum and Dad (BOMAD) is much-discussed but until now there has been little analysis of the strength of the relationship between parental support and people’s chances of becoming homeowners. This paper fills this gap: we analyse the association between the property wealth held by people’s parents and their own, stripping out the impact that other factors (earnings, education, etc) have on homeownership. READ MORE
Housing· Intergenerational Centre Home improvements: action to address the housing challenges faced by young people 17 April 2018 by Lindsay Judge and Daniel Tomlinson How we can tackle one of the biggest issues for young people in 21st century Britain: the housing crisis? In this report we move beyond a diagnosis of the problem to set out a series of policy options relating to three key areas: insecurity in the private rented sector, falling home ownership rates for young people and a long-term lack of house building. READ MORE
Housing· Tax· Intergenerational Centre Home affairs: options for reforming property taxation 20 March 2018 by Adam Corlett and Laura Gardiner This paper assesses options for reforming property taxation, with a focus on the existing council tax system which now bears far too much resemblance to the unpopular poll tax it was brought in to replace. It sets out a range of options for making property tax fairer, simpler and more economically efficient. READ MORE
Household debt· Monetary policy· Wealth & assets· Housing An unhealthy interest? Debt distress and the consequences of raising rates 12 February 2018 by Matthew Whittaker Consumer borrowing has been surging over recent months, raising fears that we are storing up more debt-fuelled problems for tomorrow. This note digs into the numbers and focuses on who is taking out all the credit. We consider also how the profile of the UK’s household debt will stand up to increasing interest rates in the coming years. READ MORE
Housing· Intergenerational Centre Home Affront: housing across the generations 20 September 2017 by Adam Corlett and Lindsay Judge In this, our 9th report for the Intergenerational Commission, we take on the hugely important topic of housing. We compare the housing outcomes achieved by different generations over the life course and assess the extent to which intergenerational inequalities exist when it comes to security, to affordability and to quality. We explore how the housing … Continued READ MORE
Housing· Intergenerational Centre· Political parties and elections The millennial bug: public attitudes on the living standards of different generations 9 September 2017 by Hannah Shrimpton and Gideon Skinner and Suzanne Hall Drawing on a new quantitative survey of over 2,000 British adults and a qualitative workshop involving members of different generations, this report explores the extent to which intergenerational living standards challenges are reflected in public perceptions. READ MORE
Pensions & savings· Wealth & assets· Housing· Intergenerational Centre The generation of wealth: asset accumulation across and within cohorts 20 June 2017 by Conor D’Arcy and Laura Gardiner Family wealth in 21st Century Britain is huge and growing, rising from £9.9 trillion before the financial crisis to over £11 trillion in the most recent data – more than six times our national income. Significant increases have come from house price rises in the 1990s and 2000s, followed by major growth in private pension wealth more … Continued READ MORE
