Housing starts fell sharply in last quarter of 2022

By Joey Gardiner2023-03-23T10:33:00

First government data show starts dropped by nearly 10% in wake of mini Budget

Housing starts fell by nearly a tenth in the last quarter of last year in the wake of the turmoil caused by Kwasi Kwarteng’s disastrous mini budget, official figures show.

Statistics based on building control data published by the Department for Levelling Up, Housing and Communities said that construction was started on 39,220 homes in the fourth quarter of 2022, a 9% drop on the previous quarter.

…

Login or Register for free to continue reading Housing Today

To continue enjoying housingtoday.co.uk, REGISTER FOR FREE

Already registered? Login here

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Sign up below to receive:

Breaking industry news as it happens
Gain access to Housing Today’s Specialist CPD modules
Expert News and analysis

It takes less than one minute….

Join the Housing Today community - REGISTER TODAY

… or subscribe for full access - Subscribe now