The number of new build home starts in England was down 8 per cent in the final quarter of 2018 compared to Q3 2018 and 2 per cent lower year-on-year.
Statistics from the Ministry of Housing, Communities and Local Government show that, seasonally adjusted, an estimated 40,580 homes began construction in the final quarter of last year.
New build completions were estimated at 42,970, a 2 per cent increase on the previous quarter, and 1 per cent higher on a yearly basis.
Meanwhile, annual new build dwelling starts totalled 165,160 in the year to December, which was unchanged from the previous year. Within the same period, completions totalled 165,090, a 1 per cent rise.
The data shows that all starts were, as of December 2018, 137 per cent above the lowest point in Match 2009, and 17 per cent below the March 2007 peak.
Furthermore, all completions within the same time period were72 per cent above the trough in March 2013, and 11 per cent below the high in March 2007.
The government’s new build dwelling figures are based on building control inspection data, submitted to the ministry by local authorities, the National House Building Council and other independent approved building control inspectors.