Blow to government plans as number of new homes built drops

Analysis shows number of properties being completed on a rolling 12-month basis fell to 27,000 at end of November, compared to 30,500 this time last year

The rate of new homes being built on a rolling 12-month basis reached a high of ​​34,800 in March this year, but has been in decline ever since

There has been a decline in the number of new homes started over the past year, despite construction commencing on several large apartment projects within the past month, a new analysis by the Business Post has shown.

Since launching Housing for All in September 2021, the government has consistently highlighted the rise in housing starts as a key measure of the success of its efforts to boost the supply of new homes.

The rate of ...