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Getting lots of Qs about this graph! If housing shortage is not cause of house price inflation then what is? *Mainly* increased demand from landlords/speculators/elites & increased purchasing power from deregulated mortgage markets. For evidence/detail see landforthemany.uk/3-for-the-many…
NB. population is not good proxy for housing need, which is why I've also made graphs looking at ratio of housing stock to households. 
Definitely not saying that we don't need to build houses (we do - particularly social housing) but let's dispel the myth that we can build our way out of the housing crisis. We can't. We have to get debt-fuelled and speculative demand under control too.
It's also fair to say that uneven job prospects lead to *localised* shortages of housing. But this doesn't explain the dramatic jump in house price to income ratio experienced *across all regions* after mid 1990s. It's this big picture trend that can't be explained by shortages.
