Preface -- Executive summary -- Introduction -- The UK housing system -- Tackling volatility in the long run housing supply -- Tackling housing market volatility in the short run -- Protecting owners from the consequences of volatility -- Developing alternatives to ownership -- summary and conclusions -- Notes -- References

Joseph Rowntree Foundation (JRF) Housing Market Taskforce outlines its recommendations for reducing housing market volatility in the UK. Volatility in the housing market is regarded as a key factor in driving boom and bust property cycles in the UK. Recommendations include improving housing supply to limit volatility in the long run, using credit controls and reforming taxation to limit volatility in the short run, promoting financial capability among borrowers and responsible lending combined with an improved safety net to limit mortgage arrears and repossessions. Alternatives to home-ownership are also considered.