Housing starts and completions have increased from the lows observed in late 2008 and early 2009 but remain below pre-recession levels.
There were 44,740 house building starts (seasonally adjusted) in England in Q3 2018, a 12% increase compared with the previous quarter, and a 12% increase compared with the same quarter of 2017. This is above the recent low of 17,120 in Q1 2009, but still below the 48,920 starts in Q1 2007.
There were 41,270 dwelling completions (seasonally adjusted) in Q3 2018, broadly similar to the previous quarter and a 3% increase compared with the same quarter of 2017. Completions remain below the peak of 48,430 completions in Q1 2007.
Read Full News Story » UK Economic Indicators January 2019