Alastair Stewar has almost 30 years experience of the construction industry as equities analyst, journalist and columnist. He writes a monthly column on the residential market for Property Week and sits on the housebuilding panel of the Experian Construction Forecasting Committee.
The Muppets, sorry, members of parliament have connived against leaving the EU by today and the chaos our self-serving representatives have visited upon the land is already evident in a slew of profit warnings from some of the housing sector’s hitherto most dependable operators.
2019: it’s the year of living dangerously, not least for forecasters. I aimed to do a ‘year ahead’ piece in January, but the politicians kept moving the goalposts. Forget trying to predict how the year will unfold; writing even a week ahead of publication threatens serious pratfalls.
Everything’s been tried: Help to Buy, lifting council house building caps, modular homes. But still the government is nowhere near to hitting its target of 300,000 new homes a year. There’s only one solution. Call in… The Luvvies.
“Where are the new Lawrie Barratts?” incoming housing minister Kit Malthouse beseeched his audience at Property Week’s RESI Conference in September.