Thursday, Feb 19, 2009
Another Government promise in tatters
Mortgagestrategy: House building hits record low
The number of new homes being built fell to a record low during the last three months of 2008, figures from the Department of Communities and Local Government reveal today. An estimated 16,310 were started in the December quarter 2008, down 27% on the previous quarter and 58% lower than the December quarter 2007.This is the lowest level recorded by the Department of Communities and Local Government since it began collecting the data in 1980.The biggest drop was seen in the private sector, with just 12,280 properties being started in the final quarter of the year, some 64% lower than the same period a year earlier.
Posted by jack c @ 09:47 PM (348 views) Add Comment
1 Comment
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1. dohousescrashinthewoods said...
From the day that wretched policy was announced, I comforted myself and all who would listen with an asserrtion that it would never happen.
QED.