Surge in English new home starts

The number of new build dwellings started in England in the year to March 2017 stood at 162,880, a 15% increase on the same period a year ago.  Private starts were up 18% year on year and housing association starts up 1%, according to new government statistics.


The annual total is the highest since 2007, 152% above the trough in the March quarter of 2009.However starts are still 12% below their March quarter 2007 peak.


In the first three months of this year, seasonally adjusted starts stood at 43,170, up 21% on the same quarter last year and up 3% on the last quarter. Of these 36,470 were private starts – 22% up year on year.


The figures also show that 147,960 new build dwellings were completed in the year to March 2017, which is 6% higher than in the year to March 2016. Private enterprise new build dwelling completions were 9% higher than the previous year, whilst completions by housing associations decreased by 5% on an annual basis. 

Source: www.house-builder.co.uk