House starts and completions are slowing

In the quarter to September, housing starts were down 9% and completions were down 1% compared with the equivalent period in 2005. But the survey also reveals there were regional variations and the longer term trends showing housing starts and completions in the 12 months to September were 25% higher than in 2001. In the East Midlands housing starts in the quarter to September 2006 rose by 3% and in the South East they rose by 4%. Completions were up in Yorkshire and the Humber (11%), West Midlands (1%), East of England (3%), London (20%) and the South West (9%). In the 12 months to ...