"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.
The report stresses the importance of investing in national businesses, particularly in the housing sector, given the economic uncertainty caused by looming Brexit negotiations. Without adequate housing and inward investment, it warns, wealth and job creation will suffer.