Absolutely! It would have been a virtuous cycle:

Council builds house -> worker moves into house -> with house has enough stability to get a job -> works job, gets a few promotions, finds partner to settle down with -> couple work hard to save up to buy the house -> buy house from council -> couple settle into new house with kids they can pass the property onto -> council has enough money from that sale to build another house -> couple's kids grow up complete their education and need employment -> the grown kids move into a council house and start looking for jobs.