More than 215,000 new jobs would be created if the UK built the new homes it needs, boosting the economy by £1.2 billion according to research published by the industry. <br> <br> A report from the HBF–Reconstructing our regions–unveils the economic benefits of meeting the UK’s housing need. It analyses the potential impact of the New Homes Bonus to local communities and the upturn in employment if communities move to build the homes required. <br> <br> The report is set against a backdrop of a worsening housing crisis; last year saw the lowest number of homes built since 1924. 2010 was also the year for a record low number of first time buyers.<br> <br> HBF executive chairman Stewart Baseley said: “Building houses is a winwin for communities across the country. Not only will families get the homes they need but local employment and increased investment will be boosted. I urge local authorities to reap the rewards of development and start building the homes the country needs.”