Number of new-builds falls short of pre-crash level

England is building 21% fewer homes than during a peak in 2007 as the government struggles to reach its target of 300,000 homes a year.

Figures from the Ministry of Housing, Communities and Local Government showed that housebuilders started work on 38,730 homes in England on a seasonally adjusted basis in the three months to the end of June. This is down from 48,920 in the first three months of 2007.

However, it was 126% higher than a low of 17,120 in the first quarter of 2009, in the depth of the financial crisis.

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