UK MPs want to correct the afflicted housing market by ending the dominance by big house building firms.
According to the Communities and Local Government Committee, the eight largest firms in the country built more than half of all new homes produced. MPs are asserting that the government should provide more support for smaller firms that do not have the scale to place bids on bigger projects.
The Home Builders Federation, which represents both large and small building firms, has stated that only big companies can mitigate and handle the risks that projects of a larger scale represent.
The Communities and Local Government Committee also indicated that land should be prepared for house building by local authorities. This would include providing all necessary infrastructure, such as public transport and roads.
MP Clive Betts, who chairs the committee, said that the housing market is broken and not enough new homes are being built.
Mr Betts said that smaller builders are fewer in number and the sector is already over-depending on a small number of higher-volume firms, which he described as motivated by “commercial self-interest” with little incentive to build homes at a faster rate.