House building activity on a downturn this quarter

The number of new properties currently being built in England is down 8% on last year, new government figures have shown.

For the quarter ending in June 2019, new build dwelling starts were estimated at 37,220, down 2% on the previous quarter and a drop of 8% annually.

Build completions were approximately 45,190 – a 4% increase on the previous quarter and 11% up on a year ago, reflecting how building activity had been greater in the lead up to this summer.

Private enterprise new build dwelling starts in Q2 2019 were down by 2% on the previous quarter, and completions were up by 2%, according to the statistics released by the Ministry of Housing, Communities & Local Government.

Starts by housing associations were 4% lower compared to the last quarter, but completions were up by a notable 20 per cent.

Outlining England’s long-term building trends, the report noted: “Annual new build dwelling starts were increasing from 2003-04 until reaching a peak of 183,600 in 2007. Starts fell sharply during the downturn to a low of 75,350 in the year ending June 2009. Since then, starts have experienced some periods of growth and levelling off, and have been averaging around 162,000 for the past two years.

“Similarly, annual completions increased from 2003-04, reaching a peak of 176,650 in the year ending December 2007,” it continued. “Completions then fell gradually through 2008-10. Despite fluctuations, completions have increased gradually since 2013-14, averaging around 167,000 for the past two years.”

    Share Story:

Recent Stories


FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Please tick here to confirm you are happy to receive third party promotions from carefully selected partners.


The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.

In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.

Air and the role of later-life lending
Content editor at MoneyAge, Dan McGrath, spoke to the chief executive officer at Air, Will Hale, about the later-life lending industry, the importance of tailored advice and how technology and obligations have shaped the sector.


Helping the credit challenged get mortgage ready
A rising number of borrowers are finding it harder to access mortgages due to being credit challenged - whether that’s from historic debts, a county court judgment, or having little to no credit history.

In the latest episode of the Mortgage Insider podcast, Phil Spencer is joined by Eloise Hall, Head of National Accounts at Kensington Mortgages, and Alastair Douglas, CEO of TotallyMoney.

The future of the bridging industry and the Autumn Budget
MoneyAge content editor, Dan McGrath, is joined by head of marketing at Black & White Bridging, Matt Horton, to discuss the bridging industry, the impact of the Autumn Budget and what the future holds for the sector.