Housing starts on the up!
Latest official figures on housing starts in England show that construction began on six per cent more dwellings during the second quarter of 2013 compared to the first three months of the year.
Ministers say these figures show that Government action is bringing confidence back into the housing market.
Communities Minister Brandon Lewis said: “We’ve already delivered over 330,000 new homes over the past three years, and 150,000 affordable homes. There is more to do, but these figures reinforce the momentum towards getting Britain building again.”
The figures published by the Department for Communities and Local Government (DCLG) showed an estimated 29,510 seasonally adjusted house building starts in the quarter from April to June. DCLG said that the increase was spread across the country, with 178 of the 326 councils in England reporting an increase in house building starts over the year.
Seasonally adjusted completions in the second quarter of 2013 were estimated at 27,270 according to the figures, a nine per cent increase on the previous quarter.
Annual housing starts came to a total of 110,530 in the 12 months to June 2013, up by seven per cent compared with the year before.
However, the number of annual housing completions in England, which came to a total of 106,820 in the 12 months to June 2013, was nine per cent lower compared to the previous year. http://ow.ly/oajFG
