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10% fall in quarterly house building stats

by Kevin Rose
16 August 2012
house building
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Seasonally adjusted house building starts in England stood at 21,540 in the June quarter 2012, according to latest figures from the Department for Communities and Local Government (CLG).

This is 10% lower than in the March quarter 2012. Completions (seasonally adjusted) also fell, down 6% to 29,470 in the June quarter 2012.

Private enterprise housing starts (seasonally adjusted) were 7% lower in the June quarter 2012 than the previous quarter, whilst starts by housing associations were 23% lower.

Seasonally adjusted private enterprise completions fell by 5% and housing association completions fell by 11% from the previous quarter.

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Seasonally adjusted starts are now 27% above the trough in the March quarter 2009 but 54 percent below the December quarter 2005 peak. Completions are 39% below their March quarter 2007 peak.

Annual housing starts totalled 98,670 in the 12 months to June 2012, down by 10% compared with the year before. Annual housing completions in England reached 118,330 in the 12 months to June 2012, an increase of 8% compared with the previous 12 months.

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