Tim Williams: Why the Housing Crisis Isn't a Supply Problem

The Century of Cities welcomes Tim Williams, Cities Lead at Grimshaw and a leading voice in global urban strategy, to explore how cities move through cycles of growth, decline, and reinvention. Drawing on his upbringing in the South Wales Valleys and years advising governments in the UK and Australia, Tim reflects on the shift from industrial cities built on extraction to contemporary urban economies shaped by knowledge, lifestyle, and connectivity. He emphasizes that urban change is rarely linear and that periods of transition often involve loss, uncertainty, and uneven outcomes. Tim offers a sharp critique of the global housing crisis, arguing that it cannot be solved by supply alone. He explains how the over-financialization of housing and a disconnect between public expectations and private-sector business models have created a systemic impasse. Rather than blaming developers, Tim calls for a broader mix of housing delivery models, including a renewed role for non-market housing and stronger public-sector capacity. Looking ahead, he warns that many cities may soon face a new reality, managing stagnation or decline and urges more honest international dialogue about how cities adapt when growth is no longer guaranteed.