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New-build sales, starts and completions
	December 1997	December 1998	% change
New-build average daily sales	657	546	-17
New-build registrations	10 231	9 177	-10
New-build completions	13 728	13 119	-4
New-build registrations (excl housing associations)	9 105	8 284	-9
Source: NHBC

New-home buyer profile – December 1998
% of first-time buyers that bought new homes	10
% of former owner-occupiers that bought new homes	15
Average new-build price* (£)	77 306
Average new-build advance (£)	67 850
Average new-build advance as % of price**	76.9
New-build advance to income ratio	3.05
New-build price to income ratio	4.28
* Standardised price calculated from index (1983 = 100)
** Non-standardised
Source: Halifax