"The benefits of building more homes are much greater than previously thought," said Peter Hogg, a regeneration spokesperson for Arcadis.

Building a single house helps to generate £316,000 for the UK economy

£196,000 in job creation and profit. Historically, the construction industry employs 1.5 full-time equivalent workers for a year to build a typical house.

£32,000 spent in the local area on furnishing and decorating.

£31,000 reduction in government's housing benefit bill. This is based on the idea that housing each of the 4.6 million claimants would become cheaper.

£12,000 generated through local council and property taxes.

This is a fascinating article that further highlights the need to deliver on housing targets.