Since the 1970s, housing starts and completions across England and Wales have largely been on a downward trajectory.
Over the last few years, government initiatives which include the Starter Homes Fund, Housing Zones and Get Britain Building have helped stimulate the housebuilding industry.
The long-run average (over the last 50 years) for starts an completions has been around 190,000 per annum but after the global financial crisis lows of 93,000 (starts) per annum and 113,000 per annum (completions) had been reached.
In 2015/16 housing starts and completions were in line with each other at around 150,000 following a pick-up in delivery but this remains between 20% and 22%, respectively, below the long term average.
For more of our property related blogs please see- http://move.uk.net/blog/
Why not like us on Facebook for more tips- https://www.facebook.com/moveuk/