Ministers are planning a new wave of 100,000 prefab 'modular homes' in an attempt to solve the housing crisis.
The scheme's aim is to help Theresa May's Government hit its ambitious housing target of building 1million houses by 2020.
It is understood the buildings, known as 'modular homes', will be aimed at youngsters looking to get their feet on the property ladder.
A crane is pictured constructing a prefab property in London's Camberwell. Architects PCKO used the Buma system for this colourful block of flats on Wyndham Road, built for the Hyde Housing Association.
The boom in prefab houses will draw comparisons to the scenes seen in Britain in the wake of World War Two.
Housing minister Gavin Barwell will make the announcement later today in what is described as a 'huge opportunity' for manufacturers, according to the Telegraph.
The Cabinet has already hinted at the prefab houses, announcing earlier this month it would be funding 'accelerated construction' of homes using new developers and pre-built homes to double the speed of building work.
Chancellor Philip Hammond said: 'There has been a housing shortage in this country for decades, and this Government is determined to take action to tackle it.
'We'll use all the tools at our disposal to accelerate housebuilding and ensure that over time, housing becomes more affordable, that is why we are committing £2 billion of additional investment towards this.'
Theresa May has pledged to build 1million new homes by 2020.
Liberal Democrat leader Tim Farron said earlier in the month: 'If the Government wants to solve our country's housing crisis they will have to do much, much more than the level of investment announced today.
'Experts say we need to be building 300,000 homes a year- double what we currently build. There is a huge task ahead and this announcement is a drop in the ocean.
'Without the Government giving councils and housing associations the ability to borrow more to build by lifting the cap, we simply won't have the new homes we need for the next generation and those in need of affordable housing will lose out.
The Option House from WeberHaus can be erected in a day and decorated in a week for just £84,000. German company WeberHaus will show its range of prefab homes for the first time in Britain at the Homes & Property Show
Sajid Javid launched a £5billion fund to help build more than 250,000 new homes on October 3.
The Communities Secretary wants to build homes on abandoned shopping centres, in run down town centres and other brownfield sites.
Two billion of the cash will be spent on building roads and other infrastructure so new building can go ahead.
The remaining £1billion of the Home Builders Fund will go in loans to small building companies to kick-start construction.
Separately, £2billion will be spent on using surplus land owned by the State for fast track building projects.
Original link - Daily Mail
