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Tue 10 Oct 2008New low in house-building numbers

THE NUMBER of houses being built across the State has hit a new low with construction starting on two-thirds fewer houses in the first nine months of this year than in the same period last year, according to the Department of the Environment.

The latest figures from the department show further declines in house prices nationally, but more particularly in Dublin, and a fall of more than 20 per cent in the number of home loans being approved by banks.

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