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Friday 28th of August 2009
August 22, 2009    

New housing starts up 63%

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by Gill Montia

House building in England has surged, with figures from the Department for Communities and Local Government showing a 63% quarterly rise in the number of new starts.

During the three months to the end of June work began on an estimated 29,980 homes although the figure fell 9% short when compared to the same period of 2008.

The second quarter of 2009 also saw housing completions increase 24% to an estimated 39,320, compared to the March quarter, up 7% from a year earlier.

Private enterprise housing starts leapt 73% in the June quarter but were still 12% lower than a year earlier, and private enterprise completions rose 27% managing to put on 1% when compared to the same period of 2008.

On an annual basis housing starts for England continued to decline, totalling 87,190 in the 12 months to the end June, down 41% year-on-year and falling 53% behind the 2005/2006 peak.

Finally, the year to the end of June saw 136,140 completion in total, down 16% on the previous twelve months.

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