Thursday May 15, 11:33 AM
England first-quarter housing starts down 24 percent year-on-year - government
LONDON (Thomson Financial) - The number of homes built in England fell by 24 percent in the first quarter of the year, reflecting a drop-off in demand for property as fears grow of a major fall in house prices.
Government figures showed the number of homes starting construction in England in the first three months of the year was down an annual 24 percent at 32,100, in seasonally-adjusted terms.
The figure is down 21 percent on the last three months of 2007.
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