Housing starts fall 19% in third quarter

By Joey Gardiner2022-12-14T11:20:00

Drop comes after second quarter spike in starts but in advance of expected drops in output next year

Housing starts dropped by 19% in the third quarter of the year, according to the latest official data on housing supply.

The government figures, based on building control records, showed that seasonally adjusted quarterly housing starts from July to September fell to 42,430, down from 52,420 in the previous quarter.

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