The industry is awaiting news of exactly who will become the new housing minister and whether the role will have cabinet status.
Traditionally housing ministers have been junior appointments - but this time around the winning Conservative manifesto had housing as a major element so a new minister is likely to be higher profile in delivering government promises.
Brandon Lewis, the housing minister at the end of the last parliament, increased his Conservative majority in Great Yarmouth to a still-slim 1,878 - however, it is rare for the same minister to continue in post after a general election.
Kevin Hollinrake, managing director of Hunters, was elected very comfortably as Tory member for Thirsk & Malton - he secured over 52 per cent of the vote - but it is unlikely a ‘newbie’ MP would immediately be elevated to even junior ministerial position.
With a working majority there is every reason to expect the Conservative government to introduce all of its manifesto housing pledges over the next few years.
The policies include:
- the extension of Right to Buy to 1.3m housing association homes in England;
- 200,000 homes to be built over the course of the next parliament for first-time buyers aged under 40, who will secure a 20 per cent discount;
- the launch of a new Help to Buy ISA for first-time buyers to help them get a subsidised deposit for a house;
- the creation of a £1 billion brownfield regeneration fund to unlock sites for 400,000 homes, which may involve identification of public sector sites for building.
We’ll bring you news of who is appointed to this key role as soon as we know.