Thursday, February 18, 2010
England will win the world cup this year ! !
LONDON (Reuters) - Housing completions in England fell by almost a fifth in 2009, government figures showed on Thursday, taking them to less than half the level economists say is needed to keep up with demand. Just 118,000 homes were built last year, the lowest total since 1946, according to the Royal Institution of Chartered Surveyors, and 17 percent lower than in 2008. "The latest figures are disappointing and underline the continuing difficulties facing the construction industry," said RICS senior economist Oliver Gilmartin. "Housing starts are running at more than 50 percent below what is needed to satisfy projected household growth according to the government's own estimates," he added.