As Dwelling Construction Surges Housing Turnover Falls

By pairing annual settled sales data with dwelling counts over time the data shows the proportion of total housing stock turning-over on an annual basis.  Despite a surging population and record high levels of new construction, a lower proportion of housing stock is selling.

Over the 12 months to September 2017, just 5.0% of the national housing stock transacted.  This was the lowest proportion of stock-turnover since April 2012 when it was at an historic low of 4.9% of stock transacted….