More gloom for the housing market as building approvals slump further

IT IS a rare shaft of sunlight amid widespread economic gloom. housing experts say falling prices have led to a range of bargains on the market for first-time. purchases in the UK were approved.

The biggest monthly decline since July 2012 was triggered by a 39 per cent slump in. such as housing finance for the construction of new housing suggest that building approvals are not yet ready to. MORTGAGE lending increased slightly in April but low numbers of new approvals may signal a lull in house purchase. with a 10 per cent deposit and 995 fee. leeds building society extended its.

The FTSE100 hit a record high 7,778.64 on Friday, 12 th January, with the gains coming off the back of a slump in the Pound that supported a positive outlook for UK multi-nationals. Multi-nationals.

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More. United Kingdom. Money. December 23, 2008 / 10:08 AM / 11 years ago. Mortgage approvals slump 61 percent. David Milliken.. said the data spelt further gloom for the housing market.

Those record high housing starts have been turning into record high completions, hence the massive oversupply emerging. It takes 2-3 years typically to finish many of these projects. But new projects are not taking their place.

Building approvals dropped nearly 10 per cent to a five-year low in November as investors and developers took a step back amid wider housing market anxiety and tighter lending conditions. total approvals fell 9.1 per cent for the month, and were down 32.8 per cent for the year, according to.

For what they show is that the business actually appears to be defying the current gloom engulfing the construction. given the weather and second-hand housing market backdrop." But Graeme Kyle, of.

Central bank gloom. Building approvals are so volatile a dartboard may be handy to pick this one, but after November’s 13 per cent fall, things shouldn’t get too much worse. Manufacturing is the.

In this release, revisions are provided for the time period from July 2017 to May 2019 and include revisions resulting from the Building Approvals Annual Review. Further information about the Annual Review and other potential sources of revisions can be found in the feature article released with the January 2016 8731.0 publication – "Revisions.

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