Pickled homes

To hear ministers talk we are in the middle of a housebuilding boom. Official figures released today beg to differ.

According to the DCLG housebuilding statistics for the fourth quarter of 2013, starts and completions in England were both down 1 per cent on the third quarter. These are only the figures for one quarter but they don’t seem in the script.

While starts for the year as a whole were up 23 per cent on 2012 at 122,800, completions were down 5 per cent at 109,480. True, those starts will soon turn into new homes but this hardly feels like a giant step towards the promised land of 250,000 additional homes a year.

Read the rest of this post on Inside Edge, my blog for Inside Housing