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This article explores the links between housing, housing policy and well-being in England essentially, as well as the UK in a more limited way. It focuses on three central points : first, it explains how assessing subjective well-being has become an official concern in relation to housing in response to government demands. It builds on a long-standing tradition of assessing objective or material well-being in the field of housing. Second, in a historical perspective, this article focuses on the changing official discourse in relation to housing to underscore how material well-being has been construed over time. Lastly, the article analyses post-2010 housing measures and posits that there is a discrepancy between the official rhetoric of well-being and the policies implemented since 2010.