A new survey suggests that only three out of every 10 housebuilders in England think the Government will be able to build one million new homes by 2020 as per its target.
The main reasons that the housebuilders provided for the anticipated failure were land shortages, delays in receiving planning permission, financing problems, and skills shortages.
McBains Cooper, property consultants, arranged for a survey of directors and owners of 389 housebuilding firms across England.
When asked if they believed that the Government goal of building a million new homes by 2020 would be achieved, only 30 percent of respondents replied in the affirmative. 51 percent thought it would not, while 19 percent were unsure.
Housebuilders in London were more optimistic, with 43 percent confident that the goal would be accomplished. But only 14 percent of survey respondents in the South East and nine percent in the West Midlands thought that the target would be met.
In addition to the ambition to construct one million homes, the Government has also tasked itself with building 200,000 starter homes by the end of the decade.
Housebuilders thought that the Starter Homes target was more attainable, with 48 percent stating that the Government would be able to accomplish that objective.