Housebuilding has begun to level off in the UK, according to the latest figures from the Department of the Environment.
The Department estimates that around 16,300 homes were started in Great Britain in October 2001, compared with 13,900 in October 2000. Completions numbered 15,900, compared with 15,000 in the same period last year.
However, over the latest three months 45,700 homes were started, the same level as in the previous three months, despite being up 5% on the same three months a year ago.
Total completions for the last three months were 41,000,down 1% on last year, but up 2% on the previous three months.
EGi News 07/12/01
