Part of Oral Answers to Questions — Environment – in the House of Commons at 12:00 am on 8 May 1991.
In view of the obvious gaps in the information that is being fed to the Minister about the number of starts in homes for sale, I shall help him. I do not know whether he is aware that, earlier this week, the Building Employers Confederation conducted a state-of-trade inquiry into that subject. Its conclusion was—[HoN. MEMBERS: "Question."] I am coming to the question. Its conclusion was this:
We are pleased to see the very slight improvement in the private house building sector. Any real recovery in the housing market still seems to be a very long way off and will depend crucially on further cuts in interest rates and mortgages"—