{"id":149818,"date":"2025-03-27T10:26:12","date_gmt":"2025-03-27T10:26:12","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=149818"},"modified":"2025-03-27T10:26:27","modified_gmt":"2025-03-27T10:26:27","slug":"obr-forecast-predicts-huge-housebuilding-boost","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/obr-forecast-predicts-huge-housebuilding-boost\/149818\/","title":{"rendered":"OBR forecast predicts huge housebuilding boost"},"content":{"rendered":"

The Office for Budget Responsibility has released their latest forecast with praise for NPPF changes<\/h2>\n

The OBR forecast predicts 0.2% added to GDP by 2029\/30, with the highest level of housebuilding in four decades.<\/p>\n

The praise is given to the National Planning Policy Framework reforms.<\/p>\n

The OBR forecast says that NPPF reforms<\/a> protect public services<\/h3>\n

The NPPF reforms are a zero-cost policy change that is said to be the largest that the OBR has handled, and it protects \u00a33.4bn in UK public services.<\/p>\n

The OBR forecast predicts that the NPPF reforms will bring housebuilding up to its highest level in 40 years through supporting builders and removing blockers, and delivering an extra 170,000 by 2029\/30, or a 30% boost after it hit its lowest in 13 years in 2025\/26.<\/p>\n

In light of the Plan for Change and the 1.5m new homes target (with a \u2018soft target\u2019 of 1.3m announced in the Spring Statement yesterday), this is encouraging news. Further reforms are also expected to help, including the Planning and Infrastructure Bill and the Affordable Homes Programme, will also help beyond what is shown in the OBR forecast.<\/p>\n

Due to this, the OBR thinks that the economy will be better off by 0.2% (\u00a36.8bn) in 2029\/30, with the possibility to rise to 0.4% in 2034\/35.<\/p>\n

The largest growth the OBR have ever forecast<\/h3>\n

The OBR\u2019s supposed growth in GDP is due to:<\/p>\n