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New houses drop 21% in first quarter, says DCLG

The number of new housing starts in the first quarter of 2008 have dropped 21 per cent to 32,100 compared to the previous quarter, official figures from the Government have revealed.

This is also a drop of 24 per cent on the same time a year ago.

Housing completions for all homes in England fell by 18 per cent to 39,500 compared to the same time last year. Completions fell by 12 per cent compared to the previous quarter.

The government had planned to build 240,000 houses a year by 2016.

The Department for Communities and Local Government’s figures show that annual housing starts figures for England continued to decline. They totalled 156,400 in 2007/08, down by 10 per cent compared with 2006/07 and almost 18 per cent below their 2005/06 peak.

Annual housing completions in England totalled 167,500 in 2007/08, slightly down on completions in 2006/07. The DCLG says that completions exceeded starts in 2007/08 for the first time since 1992/93.


UK: mid-year review and outlook

By Mark Martin, manager of the Neptune UK Mid Cap Fund, and Scott MacLennan, manager of the Neptune UK Opportunities Fund H1 2014• Equity markets continued to show strength: despite a strong rally in 2013 driven by a market-wide re-rating, equity markets continued to generate positive returns for investors. Economic activity continued to be stimulated […]


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