Private Housing

摘要

Private house building activity has started to recover after falling to the lowest level since the 1920s in 2009. Starts in England, which account for approximately 80% of the GB total, rose by 65% the first half of 2010. A robust but deceptively strong increase considering that they remained 16% down on the first half of 2008, which in turn was nearly 50% lower than the 2007 peak With levels of house building still at an historically low level, annual growth in starts is anticipated throughout the forecast period. However, the latest indicators suggest that the heat in what was already a tentative housing market recovery has cooled, and in recent months, the downside risks to the market's stability have intensified.