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GROWTH IN PRIVATE HOUSEBUILDING CONTINUES TO STRENGTHEN

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Environment minister, James Clappison, has welcomed the latest figures showing that private enterprise housebuildin...
Environment minister, James Clappison, has welcomed the latest figures showing that private enterprise housebuilding starts are at their highest level since mid-1989.

Mr Clappison said he expected the strong growth in the housing market to continue.

'The wider housing market has been recovering throughout 1996, with prices, transactions and mortgage approvals all increasing.

'The latest figures suggest that builders have decided the favourable market conditions will continue and have increased activity in anticipation of making higher sales in 1997.'

Mr Clappison was commenting on figures published today for housebuilding which confirm the continuing strong growth of recent months.

The latest figures show that the number of private enterprise housebuilding starts increased 16 per cent in the three months ending November compared with the previous three months (seasonally adjusted) and 39 per cent with the same period a year ago.

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