United Kingdom - Housing Starts

United Kingdom: Housing Starts

Mnemonic HST.IGBR
Unit #, NSA
Adjustments Not Seasonally Adjusted
Quarterly 17.51 %
Data 2018 Q4 45,240
2018 Q3 54,840

Series Information

Source Department for Communities and Local Government (DCLG) - U.K.
Release Housebuilding starts and completions
Frequency Quarterly
Start Date 3/31/1978
End Date 12/31/2018

United Kingdom: Real Estate

Reference Last Previous Units Frequency
House Price Index Dec 2019 431.88 431.29 1993Q1=100, SA Monthly
House Price Index for Existing Homes 2019 Q4 433.98 433.46 1993Q1=100, NSA Quarterly
House Price Index for New Homes 2019 Q4 467.53 470.82 1993Q1=100, NSA Quarterly
House Price Value Dec 2019 215,281 215,734 GBP, NSA Monthly
House Price Value for Existing Homes 2019 Q4 253,312 253,006 GBP, NSA Quarterly
House Price Value for New Homes 2019 Q4 184,245 185,543 GBP, NSA Quarterly
Building Completions 2018 Q4 57,080 47,220 #, NSA Quarterly
Housing Starts 2018 Q4 45,240 54,840 #, NSA Quarterly
Residential Building Completions 2018 Q4 57,080 47,220 #, NSA Quarterly
Vacancy 2017 22,850 22,635 Thousands Annual
Dwelling Stocks 31 Mar 2014 28,073 27,914 Ths. # 365 days

Release Information

Statistical release showing the provisional number of dwelling starts and completions (residential stage of construction), in the U.K. and its regions and districts, quarterly and annual.

Construction started

A house or flat is counted as started on the date work begins on the laying of the foundation, including ‘slabbing’ for houses that require it, but not including site preparation. Thus when foundation work commences on a pair of semi-detached houses 2 houses are counted as started, and when work begins on a block of flats all the dwellings in that block are counted as started. The starts of houses in building schemes are usually phased over a period of weeks or even, in very large schemes, months.

The figures shown for starts are derived from records kept for building control purposes. It is sometimes difficult for data providers to identify whether a dwelling is being built for a Registered Social Landlord or for a private developer. This is because sometimes the builders themselves are not sure of the precise ownership or the ownership may keep evolving and it is not final until it was sold. This may lead to an understatement of Registered Social Landlord starts and completions recorded in these tables, and a corresponding overstatement of private enterprise figures. The problem is more likely to occur with starts than completions.

Constructions completed

In principle, a dwelling is regarded as completed when it becomes ready for occupation or when a completion certificate is issued whether it is in fact occupied or not. In practice, there are instances where the timing could be delayed and some completions are missed for example as no completion certificate was requested by the owner.

National and regional totals are reported only in annual frequency and have been discontinued in 2012.

The source reports a '-' wherever the value is less than 5. Moodys Analytics reports this as ND.