The construction of new UK homes has dwindled with each passing decade, with the 134,000 annual average new UK homes built from 2010-19 amounting to about roughly half those built during the 1960s and 70s.
The CPS notes that these figures look even worse when population size is taken into account. In the 1960s, the newbuild construction rate was equated to one home for every 14 people, but that ratio has fallen to 1:43 in the 2010s.
"The housing crisis is blighting the lives of a generation, and robbing them of the dream of home ownership," says Robert Colvile, director at CPS. "But as this analysis shows, this is not just the consequence of the financial crisis - it is part of a pattern stretching back half a century, in which we have steadily built fewer and fewer new homes.
"The Government has rightly promised to focus on this issue, and there are encouraging signs that housebuilding is picking up. But ministers need to take bold action in 2019 to ensure that the 2020s become the decade in which we break this hugely damaging cycle."