Has Labour just quietly abandoned its 1.5 million homes pledge?

Chancellor of the Exchequer Rachel Reeves during a visit to the Fairham Development, a housing development site in Nottinghamshire, following the announcement on accelerating house building on February 14, 2025 in Nottingham, England.
Labour seem to have abandoned their 1.5 homebuilding target (Image credit: Getty Images)

Labour's ambitious pledge to build 1.5 million homes by the end of this parliament appears to be faltering.

Following the Spring Statement, the Office for Budget Responsibility (OBR) projected that just 1.3 million homes will be built by 2029-30, sparking fresh scrutiny of the Labour Government's plan for homebuilding and whether they are on course to meet their housing target.

Joseph Mullane
News Editor

News Editor Joseph has previously written for Today’s Media and Chambers & Partners, focusing on news for conveyancers and industry professionals.  Joseph has just started his own self build project, building his own home on his family’s farm with planning permission for a timber frame, three-bedroom house in a one-acre field. The foundation work has already begun and he hopes to have the home built in the next year. Prior to this he renovated his family's home as well as doing several DIY projects, including installing a shower, building sheds, and livestock fences and shelters for the farm’s animals. Outside of homebuilding, Joseph loves rugby and has written for Rugby World, the world’s largest rugby magazine.