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New-build starts slump by 47%

The NHBC's year-end figures show that it received just 106,894 applications to start new homes in the private and public sectors during 2008, compared with 200,697 applications in 2007. Private sector activity, which excludes housing associations, declined by 56% from 163,535 in 2007 to 72,114 in 2008.

In contrast, applications for social housing starts only decreased by 6%, from 37,162 in 2007 to 34,780 in 2008.

 


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