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New Labour's record on housing policy is a disgrace. Reports say we face a 'housing time bomb'. There are 1.6 million on council house waiting lists. Their numbers are growing by 7.6% a year. Repossessions were up by 65% last year to 17,000 losing their homes, and official homelessness went up by 14.4% between 2000 and 2005. Last year we built less houses than any year since the 1920s. And because so few new homes are being built, prices go up so as to be completely unaffordable for the poorer in our society.