Builders cut back on home starts
Builders slashed the number of new homes they started in the final quarter of 2011, despite attempts by the Government to help first-time buyers and stimulate the market, a new report shows.
Figures from the National Home-Building Council (NHBC) show the number of new homes registered by NHBC member firms in the UK totalled 115,020 for 2011, just below the 115,458 figure recorded in 2010.
In 2007, when house building was at a high, this figure was almost double, with 200,700 registrations.