The Building Societies Association has called for a housing revolution after unveiling its manifesto entitled ‘Housing at the heart of Government’.
The BSA wants political parties to establish a 15-year plan to solve the UK’s housing crisis.
The association is calling for a new Housing Ministry with a secretary of state in the cabinet, rather than having the UK’s housing responsibilities spread across different departments.
Robin Fieth, chief executive of the BSA, said: “We need a revolution in the provision of housing – in planning, construction and funding to ensure that we are able to build a better Britain.
“Now is the time to think outside the box.
“The UK has been underbuilding for years and everything points to a system that no longer works. If we are not determined, things are only going to get worse.”
The BSA wants the government to use money from its sales of the National Savings & Investments Pensioner Bonds, which should reach an estimated £15m by 15 May.
And it reckons the UK needs to double the size of the custom build, SME builders and offside construction sectors.
Fieth added:”We welcome many of the housing initiatives announced by government and other political parties in the run up to the election.
“However, what is desperately needed is a long-term housing strategy.”