Author Topic: The number of new home completions well below the 2007 peak  (Read 7403 times)

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Philofacts

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According to the Department for Communities and Local Government housing statistics, a total of 115.620 new homes were completed in the year to 31 December 2012.
This represents an increase of just 1% on the previous year.

The latest reported level of completions is still 35% below the peak of 177,000 for the year to 31 December 2007.
New Home completions fell throughout 2008 and 2009 to a low in the year to 31 December 2010, with just 107,000 new homes being built.
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The Prophet

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Re: The number of new home completions well below the 2007 peak
« Reply #1 on: June 22, 2013, 10:43:35 am »
With the government subsidy for the house building industry that is 'Help-To-Buy', I would expect the number of new homes built in 2013 and 2014 to be significantly higher than the total number 2010 and 2011.


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