House building hits 18-year high

The number of houses built in England in the first quarter of 2007 was at its highest level since 1989, according to figures from the Department for Communities and Local Government.
In England, new house building starts in 2006/07 totaled 173,400 (down 6 per cent on 2005/06). New house completions totaled 167,700 (up 3 per cent up on 2005/06).
In the quarter to March 2007, there were around 43,600 new build starts and 44,600 new build completions. Comparing the recent quarter to March with the equivalent period in 2006:

• New house building starts were down 9 per cent, but this compares with an unusually high level in March 2006 quarter.
• New home completions were up 18 per cent

The rolling annual trends show an upturn in completions in the March quarter. This upturn also continues the long term upward trend in completions. Trends in starts show a decline over 2006/07 from the high of 184,900 at the end of 2005/06, indicating a slow down of the long term increase.
Regional Trends - Starts
Trends in starts have mostly flattened in the North and the Midlands, with the exception of the North West where starts have been declining since the end of 2006/07. In southern regions starts have tailed off, but remain well above levels during 2000/01.

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