Today's English Housing Survey shows a 420,000 rise in the number of households renting, compared to a 250,000 fall in the number of households who own their home with a mortgage. Duncan Stott, director of the housing market campaign PricedOut, said:
"Unaffordable house prices have locked a generation out of homeownership. From these trends we can forecast that within seven years there will be more households renting than owning and paying off a mortgage. Unless we see action from government to get the housing market in fit shape for first-time buyers, we will inevitably see more and more working people stuck in the unstable private rented sector."