The housing crisis cannot be solved without smaller developers and the government must adopt a strategy to reverse their decline, a cross-party group of MPs has warned.
The number of small and medium-sized housebuilders has plummeted since the financial crisis, when many went out of business and banks reduced the supply of finance. The numbers have dropped from 12,000 in 1998 to 2,500 today.
This is a concern as such builders can take smaller plots of land that do not interest larger developers.
