Labour's Housing Conundrum: A Realistic Target or a Pipe Dream? Labour's pledge to build 1. 5 million new homes was a central tenet of their election manifesto.
However, with only 208,600 new homes constructed last year – the lowest annual total since 2015/16 – Housing Minister Angela Rayner has admitted that meeting this target is "a really difficult challenge.
" The numbers are stark. England's new home builds dropped by 6% in the past year. To meet their goal by 2029, Labour would need to build homes at roughly two thirds of the current pace.