See how housing has failed to keep up with population – but only very recently

Three things strike me about this graph:

1. There is a problem with the housing stock growing less quickly than the population, but…
2. … this has only happened in the very few most recent years. Most of what people say is wrong with the housing market in Britain was happening even when the housing stock kept on growing faster than our population.
3. In particular, this highlights how important falling average household size has been as a factor in the UK, yet it’s a trend that politicians almost never talk about.