U.K. house prices posted the first annual decline since 1996 in April as mortgage lending dried up and the construction industry shrank the most in almost a decade, industry reports showed. The cost of an average home declined 0.9 percent to 189,027 pounds ($373,082) in the three months through April from a year earlier, HBOS Plc, the U.K.'s biggest mortgage lender, said today. That was the first annual drop in HBOS's index since February 1996.

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