The CBI said there should be an “ambitious new way of thinking”, warning that the housing crisis is an “acute problem” for companies as well as being a pressing social issue.
The government was urged to offer help to small and medium-sized housebuilding firms through improved release of public land as well as easier access to finance.
Josh Hardie, the CBI’s deputy director-general, said: “Solving the UK’s housing shortage has long been a tough nut to crack. For Britain’s businesses, it is far from something confined to the news columns.
“It’s a problem the impacts of which are seen every day, from high prices barring people moving home and deterring them from applying or staying in a job, to the dent it puts in productivity.”