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“We welcome the government's continued focus on affordable and social housing, with today’s announcement from the Chancellor Rachel Reeves of a £39bn boost for the sector over the next ten years.

“The target of 1.5m new homes by the end of this parliament is an ambitious one, which is why it’s important the potential of all tenures and all types of housing is maximised. The demand for affordable homes across the UK is acute, and it’s encouraging to see long-term targeted funding for this sector.

“At NHBC, we’ll be seeking to ensure new homes are built to the quality owners and occupiers should expect, and that this is maintained during any period of growth. This will pay dividends in the long-term, for the industry, for local communities and for home occupiers.”

David Campbell, Chief Operating Officer, NHBC