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Housebuilding figures back to pre-crash level

There was a 16% rise in the number of new homes built in 2017, as the output of housebuilders reached levels last seen in the boom years before the financial crash a decade ago.

Government figures show that 163, 250 homes were completed in the year to December, compared with 140,850 the year before.

The number of “starts”, which is when a housebuilder lays down the foundation of a home, also rose 5% to 162,180.

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