Figures published by the Yorkshire Building Society show just 50 new-build home sales were completed across the Dewsbury constituency in 2014.
Ed Balls and Dewsbury PPC Paula Sherriff meet first-time buyers and bosses at the Yorkshire Building Society
Analysis of Land Registry data by the Yorkshire Building Society shows that across Yorkshire and Humber the number of new-build transactions was down by more than a quarter compared to 2013, meaning 2014 saw the lowest number of new homes bought in decades.
The figures, which expose the reality of the housing crisis on the watch of the Tory-led government, show that the number of new homes bought in Dewsbury more than halved compared to 2013, and is just a sixth of its 2006 peak.
Overall home sales in Yorkshire and the Humber, including existing properties as well as new-build, also saw a slight fall in 2014 compared to the previous year, and confirms that the market in Yorkshire continues to see only half as many properties changing hands as before the financial crisis.
Labour has pledged to build 200,000 new homes a year by the end of the next parliament to address the growing housing crisis which is seeing thousands of people unable to find a footing on the housing ladder.
Yorkshire Building Society’s study, entitled ‘Dewsbury Local Housing Market Analysis’, also shows that the average price of a property in Yorkshire and the Humber is still 3.6 per cent lower than when David Cameron came to office in 2010, in stark contrast to many other parts of the country, most prominently London and the South East.
Speaking in Dewsbury Ed Balls MP, Labour's Shadow Chancellor of the Exchequer said:
"The next Labour government wants to allow many more families to realise their ambition of owning their own home. The figures Yorkshire Building Society are publishing today show why there is such a need for government to address the housing crisis and do more to allow first-time buyers to get on the ladder."
“There have been nearly as many government press releases about generating more house building as there have been new-build sales in Dewsbury in the last year. For all the hot air from the Tory-led Government about economic recovery, Yorkshire and Humber saw the lowest number of new-build homes bought for years in 2014 – further proof that David Cameron and George Osborne are taking us on a road to nowhere.
“I am extremely conscious of the shortage of housing in our area and the need for more decent affordable homes. We need to get our builders and the construction industry back to work to help the economy to grow. Across the country, the next Labour government will build 200,000 homes a year by the end of the next parliament and will give priority to first-time buyers.”