Unless decisive action is taken to improve affordability, the goal of home ownership will be out of reach for all but the wealthiest of citizens in the United Kingdom within a generation, a housing industry lobby group in that country has warned.

In a new report, the National Housing Federation (NHF) said first-home buyers today need 10 times the amount of money as a deposit as they did 35 years ago. They also need to borrow double the proportion of their annual income in order to purchase a home. These factors are…