John FitzGerald: Tackling the housing crisis requires economic sacrifices

Housebuilding needs to be ramped up, which means steps must be taken to prevent overheating

Every increase in homebuilding of about 10,000 units adds about 1 per cent to the level of economic activity. Photograph: Gareth Fuller/PA Wire

Every increase in homebuilding of about 10,000 units adds about 1 per cent to the level of economic activity. Photograph: Gareth Fuller/PA Wire

While success may bring its own rewards, for the Government it brings new headaches.

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