Monday, Aug 20, 2007
Builders starting to down tools?
Firstrung: House building starts fall by 8% year on year to 169,000 - DCLG
Starts in most regions show falls from highs during the last two years. Most regions have maintained upward trends in completions, except for falls from recent high levels in the North West and the South East. The North East, Yorkshire and the Humber, East of England and South West currently show their highest levels of completions over the ten year period since 1996-07.
Posted by converted lurker @ 10:26 AM (305 views) Add Comment
2 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. cyril said...
The DCLG measures the change in starts and completions from their historic low point (in 2001 I think). If you look a bit further back in their statistics, ther rate of housebuilding is about the same as it was in the early 1990s at the peak of the last property boom.
If any of you HPC bloggers are in the building trade, I would be interested to know if you think the industry has the capacity to build the extra houses that the Govt says are needed? If you look back over time, the only time we built the sort of volumes Gordon Brown is talking about was in the 1960s, and the majority were council houses.
2. converted lurker said...
I get the impression that building starts will slow dramatically, who will buy, why would builders build up an inventroy of unsold stock? Unless the govt give builders charitable status and put all the unemployed to work on various building follies the figure must surely fall?