The next government could boost the economy by £51.2bn and generate £12bn in savings by building 90,000 social homes per year, a report commissioned by the National Housing Federation and Shelter has revealed.

The National Housing Federation’s estimate of 90,000 social homes a year over a 10-year period represents the level of delivery needed to fix the housing crisis and help end homelessness in the country.

The report, published today, indicates that constructing 90,000 social homes each year would yield a combined socioeconomic value of £86.5 bn, taking into account the initial construction costs of £35.4 bn.