Close

Room for improvement in latest house building figures says Aldermore

POSTED: 20th November 2014
IN: Newsroom
Share:

Commenting on the latest DCLG figures on house building released today, Charles Haresnape, Managing Director Mortgages and Commercial Lending at Aldermore said:

 “These latest figures show a decrease of 10% in housing starts in England during the third quarter of 2014, compared to the second quarter, which at first glance appears to be startling. However, when looking at the bigger picture almost 140,000 homes were started in the 12 months to September 2014, which is a significant increase from the same period last year.

“Completions are 5% higher than the previous quarter so overall the house building picture seems to be improving. But while housing starts are 93% above the low of March 2009, we are still a third below the peak in 2007 so there is room for improvement. It is more important than ever that house building keeps pace with demand, as this will put a cap on house price inflation and ensure that more people can get onto the housing ladder.” 

**Ends**

For further information, journalists can contact:

Johnathan Priestley, Cicero Group
Phone:                       020 7297 5965
Email:                        
Johnathan.Priestley@cicero-group.com

Notes to Editors:

For further information about Aldermore, our financial backers and our PR contacts, please review our Notes to Editors page. 

  • Personal
  • Press Releases
  • Industry News
  • Intermediaries
  • Journalists
  • Residential Mortgages

Published: