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Decline in housing starts in Q4 2018

Words: Laura Edgar
New homes / iStock-172624927

There were an estimated 40,580 new dwelling starts in England in the final quarter of 2018. This is a decline of 8 per cent compared with Q3, according to statistics published by the Ministry of Housing, Communities and Local Government (MHCLG).

The figure is also a decrease of 2 per cent compared with the final quarter of 2017.

Completions were estimated at 42,970: this represents a 2 per cent increase on Q3 and a 1 per cent increase than Q4 in 2017.

The private sector started building 9 per cent fewer dwellings in the final quarter of 2018, but completed 2 per cent, compared to the Q3. Housing associations started 11 per cent fewer dwellings compared to Q3, but completed 4 per cent more.

In total for 2018, new dwelling starts totalled 165,160, representing no change when compared to the year to December 2017, while there were 165,090 completions, 1 per cent more than in 2017.

The full statistical release can be found here on the MHCLG website (pdf).

Image credit | iStock