New housing construction down 9%

Posted on November 19, 2012 by davidb There have been 0 comments

According to statistics from the Department for Communities and Local Government, annual housebuilding starts dropped in England by 9% up to September this year.

It has also been a reasonably poor year for private annual housebuilding with starts in that sector slipping by 5% to 80,040 over the same period. Public housing starts have also fallen this year, down 23% to 16,810.

In other bad news, completions dropped 7%. Private completions saw a 6% drop to 20,680, with public completions declining 14% to 5,770.

However it's not all bad, quarter-on-quarter, the total starts rose 18%, with private housebuilding starts increasing by 15% between July to September. Up against the previous quarter – this was the first quarterly increase seen this year. It was also revealed that public housing experienced a 23% lift.

Also it should be noted that annual total housing completions up till September 2012 increased 6% to 117,190. With 88,320 of these being private completions.

This post was posted in News and was tagged with Department for Communities and Local Government, England, Housebuilding, quarter on quarter, private housing, public housing

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