Tuesday, 25 August 2015

New Homes Building Rate Below Its 2007 Peak

The number of new homes being started by builders in England fell at its steepest rate for three years in the latest quarter. A 14 per cent decline in housing starts to 33,280 in the April-June period was the sharpest since the January-March period of 2012, according to figures from the CLG. It meant the pace of new house building was 32 per cent below its peak level in 2007. The sharp decline in the number of new housing starts in the latest quarter puts the brakes on after a 29 per cent quarter-on-quarter rise at the start of 2015 - which was the biggest increase on records going back to 2006. For the year to June 2015, starts totalled 136,320, down 1 per cent on the year before. Read more on the Daily Mail website.

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