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Latest housebuilding stats: new starts up but completions down

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Latest housebuilding stats: new starts up but completions down

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Published by Max Salsbury for 24dash.com in Housing and also in Central Government, Development

Latest housebuilding stats: new starts up but completions down Latest housebuilding stats: new starts up but completions down

The Government's latest housebuilding statistics show that the amount of new starts between July and September rose by 18% over the previous quarter.

However, the amount of completions dropped by 7% in the same period, to 27,060.

There were a total of 27,760 starts in the last quarter. Starts by housing associations rose 23%, whilst private enterprise starts were up 15%.

The figures show that starts are now 52% above the first quarter of 2009 but 45% below the last quarter of 2005. Completions are 44% below 2007's first quarter peak.

Annual housing starts totalled 98,020 in the 12 months to September 2012, down by 9% compared with the year before. Annual housing completions in England reached 117,190 in the 12 months to September 2012, an increase of 6% compared with the previous 12 months.

"These figures show that over the past 12 months we started to build less than 100,000 homes in England, a decrease on the previous year and only two fifths of what is needed to meet housing need. It is astonishing that new home starts have been lower in every single quarter than the one when Labour left power in 2010.”

Labour’s Shadow Housing Minister, Jack Dromey MP, said: "The government's complacent approach of 'more of the same' simply cannot continue. There are too many people locked out of home ownership. Too many families struggling with the choice between paying rent and feeding their families because rents have soared. Too many people presenting as homeless, staying in bed and breakfast and sleeping on our streets. And too many building workers on the dole and young people out of work desperate for an apprenticeship."

"The Government needs to take real action now to tackle the growing housing crisis which thus far their policies have made worse, not better. That is why they should back Labour’s call to use the windfall from the 4G auction to build 100,000 more affordable homes and create hundreds of thousands of jobs and apprenticeships.”

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