Housing starts up by almost a fifth in latest quarter

The rate of building work beginning on new homes in England rose by almost a fifth in the third quarter of this year compared to the three-month period before, new government figures show.

Housing construction. Picture: South East England Regional Assembly
Housing construction. Picture: South East England Regional Assembly

The number of seasonally adjusted housing starts in July, August and September was 18 per cent higher than in April, May and June, 25,760 against 21,890, according to the Department for Communities and Local Government (DCLG).

In contrast, the first and second quarters of the year, ending in March and June, saw drops of 13 per cent and 8 per cent respectively compared to the quarter before.

However, seasonally adjusted housing completions in England, indicating the number of homes finished, fell in the quarter up to September, down 7 per cent from the June quarter to 27,060.

Annual housing starts were down 9 per cent compared with the year before, coming to a total of 98,020 for the 12 months up to September.

But annual housing completions rose, reaching 117,190 in the year leading up to September, up 6 per cent from the previous year.

According to DCLG, seasonally adjusted starts are now 52 per cent higher than their lowest point in the March quarter of 2009 but 45 per cent below the peak, hit in the December quarter of 2005.

The department said that housing completions are 44 per cent below their high point, the March quarter of 2007.

House building statistics: September quarter, 2012 can be found here.

john.geoghegan@haymarket.com


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