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THEHousebuilding Market
00:00 15 Jun 1995
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Two new sets of DoE statistics provide an interesting insight into
the state of the housebuilding market.
Output data issued on 9 June shows that new private housing work in the first quarter of 1995 was 6% ahead, having a total value of œ1.5 billion. New work in the public housing sector was 3% lower.
But DoE housebuilding data issued two days earlier said starts in the three months February to April 1995 were 7% down on the previous three months.
The figures illustrate that although housebuilders continued to build through the winter, they are now cutting back as the effects of the depressed housing market bite.
That view was supported by a third set of figures. These, from the National House Building Council, show that applications to build new houses in May dropped 8 per cent year on year to 14,800 and completed a 15% drop for the Jan to May period compared to the same time in 1994.
Output data issued on 9 June shows that new private housing work in the first quarter of 1995 was 6% ahead, having a total value of œ1.5 billion. New work in the public housing sector was 3% lower.
But DoE housebuilding data issued two days earlier said starts in the three months February to April 1995 were 7% down on the previous three months.
The figures illustrate that although housebuilders continued to build through the winter, they are now cutting back as the effects of the depressed housing market bite.
That view was supported by a third set of figures. These, from the National House Building Council, show that applications to build new houses in May dropped 8 per cent year on year to 14,800 and completed a 15% drop for the Jan to May period compared to the same time in 1994.
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