New Home Owners And Snagging Forum

Advice on buying a brand new home => General discussion => Topic started by: Philofacts on May 02, 2013, 09:13:34 am

Title: The number of new home completions well below the 2007 peak
Post by: Philofacts on May 02, 2013, 09:13:34 am
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.
Title: Re: The number of new home completions well below the 2007 peak
Post by: The Prophet 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.