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Tag: mortgage lending

House building figures show huge jump in starts and completions

House building figures show huge jump in starts and completions

There were two big boosts in the numbers released today for house builders. First, the latest Government data on homes built in England are by far the best for more than a year with a massive leap in the quarter to June. Second, gross mortgage lending in July was up 26% on June, according to the Council of Mortgage Lenders. These figures suggest a continued and reasonably strong improvement in both the housing market and in house building.

Homes sales continued to perk up in April, but it’s too early to call it a recovery

Homes sales continued to perk up in April, but it’s too early to call it a recovery

The official figures for property transactions will make comforting reading in April for those selling homes. They seem consistent with the prevailing view that the housing market, in terms of sales and not prices, is showing some signs of bouncing back up from the floor reached at the turn of the year. The latest stats show that in both March and April there were 58,000 deals. This compares with 41,000 in January and 43,000 in February.