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This has been happening for years, decades even. Building on land that regularly floods and stays flooded for months every year.
There's no need to be concerned because they're never going to build 100,000 new homes, never mind the 1.5M target. Building enough homes to house people would cause supply to meet demand and make the housing market "crash". And Labour will never upset those who've been tricked into thinking that home property is an investment.
No need to crash it, they could build at a controlled rate so that average house price growth is roughly the same as wage inflation, which seems moderately fair. The real problem is private builders with private investors will never be motivated to do this. The real problem is why they're used at all..
We really need to build plenty of big apartments with high ceilings and decent balcony space in and around town centres with high quality soundproofing so you can't hear your neighbours even when they're jumping on the floor.
Understandably people want their own houses with a garden space, but we really need a great alternative to owning a house.
Constantly building out isn't sustainable. We take up farming land, build on flood plains, need additional public transport and road infrastructure. If we can build up in existing areas then that would be a huge win.
Also concentrate on building in areas high above sea level.