Housebuilding increases, new figures show

The level of housebuilding in England rose in the second quarter of 2009, new government figures have shown.

Data from the UK Statistics Authority has revealed that there were seasonally adjusted totals of 29,980 starts and 39,320 completions during the period.

The starts total was 63 per cent up on the first quarter, although it was nine per cent down on the same period in 2008, while the number of completions represented a 24 per cent quarterly rise and a seven per cent jump from a year before.

Such figures could be good news for those looking to buy a home soon.

Senior economist at the Royal Institution of Chartered Surveyors Brigid O’Leary suggested the statistics were an indication that the construction slump has “run its course”.

However, she noted, the current rate of housing completions would only produce 160,000 new homes per year, a third less than government targets.

Leave a Reply

Your email address will not be published. Required fields are marked *