David Cameron and Nick Clegg announcement a £400m initiative to build up to 16,000 new homes by allowing an acceleration of investment in "ready-to-go" construction sites where work has stalled.
The prime minister and his deputy will hail the initiative, which involves new money and could see the start of building work next July, as a sign of the coalition's determination to reverse the slow rate of house building
Once again it is difficult to see that this strategy is one for England or the whole of the UK.
But if it is for England then if the Welsh Government were to follow suit then this would be just under 1000 houses to be built or about 45 houses divided between the 22 Welsh Unitary authorities.
And this assuming that these Housed will be built on top of any that would have been done so anyway.
More welcome is a new scheme, running to hundreds of millions of pounds, to underwrite a small percentage of mortgages for "new-build" homes. The scheme is designed to reduce the size of a deposit, particularly for first-time buyers, by shifting the "loan-to-value" ratio. Banks are currently demanding deposits of up to 20% of the value of a property from first-time buyers.
Though it may well be the case that it will only make it easier for first time buyers to secure a mortgage not more likely and will not result in a grater number of first time buyers securing their mortgages..
What we have here is publicity exercise where numbers are thrown in which at first look impressive but in reality a just a drop in the ocean.
Some will claim that its a start.But what we need is a radical revue of housing especially social housing one solution would have been to use Northern Rock which was owned by the British Taxpayer, to provide the sort of Loans that the government have been talking about. But they have already missed that opportunity by selling the bank to Richard Branson. We could have used this bank as a means to setting the template for all banks but it was not to be.
We need a government whether in Westminster or Wales (or both) with vision and commitment.What we have today is the equivalent of adding a few more bowls to the soup kitchen