At a Mishcon de Reya dinner on Monday night, the likes of Capital & Counties managing director Gary Yardley, Argent partner Nick Searl, Pocket Living chief executive Marc Vlessing and Essential Living chief operating officer Martin Bellinger welcomed the apparent shift in priorities.

But perhaps more significant was the positive reception from policy makers. Former housing minister Mark Prisk, former deputy London mayor for housing Ric Blakeway and his successor James Murray – the Labour man now responsible for delivering solutions in the capital – were as positive.

But how fine talk, consensus and collaboration become effective action is the real test. Hammond’s promise of £5bn to support the industry is welcome, but what will it deliver? How and whether Javid’s description of housebuilding as a “moral duty” is substantiated and enforced could be of huge significance.

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