The Housing Recession Deepens
Annual percentage change in UK house prices
30
30
Nationwide
25
25
Percent
Halifax
20
20
15
15
10
10
5
5
0
0
-5
-5
-10
-10
-15
-15
90
91
92
93
94
95
96
97
98
99
00
01
02
03
04
05
06
07
08
Source: HBOS and Nationwide Data
United Kingdom, Housing Starts, Total in England
Number of
NUmber per month
50000
50000
47500
47500
45000
45000
42500
42500
40000
40000
37500
37500
35000
35000
32500
32500
30000
30000
27500
27500
25000
25000
90
91
92
93
94
95
96
97
98
99
00
01
02
03
04
05
06
07
08
trend
Source: Reuters EcoWin
Number of New Mortgage Loans
Number of
Monthly - loans for house purchase
150000
150000
140000
140000
130000
130000
120000
120000
110000
110000
100000
100000
90000
90000
80000
80000
70000
70000
60000
60000
50000
50000
40000
40000
02
03
04
05
06
07
08
Source: Reuters EcoWin