Tuesday, August 26, 2014

New home. Housing starts continue to decline – The Telegram

New home. Housing starts continue to decline – The Telegram




(Photo François Destoc)

From May to July, housing starts New in France continued to deteriorate, with a decline of 13.3% year on year, to $ 73,468. This is revealed by the statistics of the Ministry of Housing published Tuesday.

In the three months from May to July, housing starts in ordinary homes emerged down 16% to 67,538 units, a slight improvement given the decline of 21.4% in late May.

However, the segment of residential accommodation (for seniors, students …), smaller, jumped 35% to 5,930 units (against a slight increase of 9.7% in the month of May).

In the 12 months between August 2013 and July 2014, the number of new housing starts also shows a significant decline of 10.8% to 305,079 units. The trend is getting worse this time: the decline was only 8.5% in May

“recovery plan” for the area

Francois Hollande, who has made the recovery of the construction of one of its priorities for the fall, promised a new “stimulus plan” for the sector, while government efforts have failed so far to halt the collapse of the construction.

A smaller decline for permits

The number of building permits issued for new housing, which provides information about future housing starts, has, meanwhile, fell 1.1% from May to July, to 101,885. But it is a significant improvement since late May, allowed the three months were down by 16.1%, and the end of April, they had fallen by 22.8%.

Permits granted to ordinary homes fell slightly (- 1.8%) to 93,392 units, which still contrasts with the 7.1% rebound posted by residential accommodation at 8.493 units

. In 2013, 331,867 new homes had been started. A figure fell by 4.2% year on year, well below the government’s target – never before achieved in France – half a million homes built annually

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