Building experts are warning David Cameron’s call for more house buying will only happen if a nationwide housebuilding project gets underway sooner rather than later.

The Prime Minister’s pledge to replace “Generation Rent” with “Generation Buy’ will only be possible if the Government succeeds in enabling house builders to boost the supply of new homes, according to the Federation of Master Builders (FMB).

Chief executive of the FMB Brian Berry said: “The Prime Minister is right to put home ownership at the heart of his Government’s vision. For too long we have been suffering the worst housing crisis since the end of the Second World War. It’s crucial that we improve affordability and options for those looking to get on the housing ladder.”

But Berry stressed the government needs to make use of brownfield land if it wants to create a nation of homeowners, as well as attract a “new generation” to the construction industry.

“To create a ‘Generation Buy’, we need to create a ‘Generation Build’,” he said. “This means having a more dynamic house building industry in which smaller firms and new entrants can prosper and grow, so that we can deliver small scale housing developments in every village, every town, and every city.

“We also need to make use of previously-developed land to take the pressure off the green belt. It will also mean attracting a new generation of talented workers into the construction industry to overcome current skills shortages and meet the expanding demand for its services.

“These are both challenges and exciting opportunities and we look forward to working with the Government to make the Prime Minister’s vision a reality.”