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PUBLIC HOUSING ORDERS DROP BY 22% IN A YEAR

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A sharp drop in public housing orders contributed to a decrease in the volume of new construction orders last year....
A sharp drop in public housing orders contributed to a decrease in the volume of new construction orders last year.

In current prices the total value of new orders in the whole of 1994 was £21.3bn compared with £20bn in 1993.

However, after adjusting for price increases, the volume of new orders during 1994 was one per cent lower than in the previous year.

Public housing and housing association orders in the latest quarter were 10% higher than in the previous quarter but 22% lower than in the same period a year earlier.

New orders in the private housing sector in the fourth quarter of 1994 were 8% lower than in the previous quarter and 4% lower than in the corresponding period a year ago.
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