The Labour Party leader, who is currently campaigning to remain in the position, has promised he would build a million homes in the five years.
In a campaign pledge, Mr Corbyn stated: “We will build a million new homes in five years, with at least half a million council homes, through our public investment strategy.
“We will end insecurity for private renters by introducing rent controls, secure tenancies and a charter of private tenants’ rights, and increase access to affordable home ownership.”
Mr Corbyn’s pledge was welcomed by Rico Wojtulewicz, policy adviser for the National Federation of Builders.
“One million homes is not an unrealistic target, though it seems impossible in the existing climate.
“There is no point having innovative policies if planning favours large sites, access to finance remains stifled and the skills crisis continues to be misunderstood.
“Logistically we cannot build the homes we need unless the industry is sustainable.”
However, Bob Sturges, head of PR and communications at Fortwell Capital, questioned whether Mr Corbyn would ever get the chance to make this pledge a reality.
“…It is meaningless until several, fairly major, hurdles are overcome.
“First, he needs to be re-elected Labour leader (which he probably will).
“Second, he needs to gain the support of the Parliamentary Labour Party to form an effective Opposition (which he probably won't).
“And third, he needs to win a general election (umm...).
"Until then, why bother speculating?"