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New home starts are up by 10% in last year

The numbers of new home starts in Northern Ireland have increased by 10% since last year, according to statistics.

The housing bulletin for April to June this year – published by the Department for Social Development (DSD) – said foundations had been laid for 1,828 new homes during the quarter, up 10%.

However, the number of new-build houses which were finished in the same quarter was 1,295 – a fall of 11% on the same quarter in 2014.

The housing bulletin also said that 221 new homes registered with the National House Building Council (NHBC) were sold in the quarter to March 2015, a decrease of 17% on the same period in 2014. The average price of a new-build dwelling during the quarter was £167,700, up 12% on the previous quarter (£149,900).

And 4,776 households told the Housing Executive they were homeless between April and June – down 5% on the quarter before.

View this article and more at the Belfast Telegraph