Alastair Stewart

Alastair Stewart

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.

 

 

 

  • Housing market finance chart
    Insight

    It’s beginning to look like Christmas

    2022-11-30T00:00:00

    Christmas arrived early for the housing market this year. Not from a bedazzled child’s aspect; more, at least it would seem from early evidence, from a turkey’s.

  • London houses
    Insight

    Don’t listen to housing ‘experts’

    2022-11-03T00:00:00

    Was rehabilitated Levelling-up secretary Michael Gove right in one of his past pronouncements, that “people have had enough of ‘experts’ saying they know what is best and getting it consistently wrong”? Quite possibly, especially when it comes to housing.

  • PW071022_stocks_shutterstock_1713378805_cred Poring Studio
    Insight

    A meltdown is wide of the mark

    2022-10-06T00:00:00

    “What do you think of Sterling’s performance yesterday?” I asked a neighbour a day after the mini-Budget. “Dreadful,” he answered. “He just couldn’t get the ball across to Kane.” No, I clarified: “The pound versus the US dollar, not Raheem versus the Italian defence.”

  • Aint nothing going up but the rent poster shutterstock_333834479 HipKat PW090922
    Insight

    Will rent cap prove anti-social?

    2022-09-08T00:00:00

    The road to housing hell is paved with government good intentions. The latest example is the thoroughly laudable aim of sheltering social housing tenants from double-digit rental inflation. The problem is that might stop development of affordable housing in its tracks.

  • Truss, Liz
    Insight

    A Tory scrap on the home front

    2022-08-03T00:00:00

    FFS! What are the Tories up to? Not my abbreviation, but the riposte from Tory MP Angela Richardson after Nadine Dorries criticised Rishi Sunak for modelling Prada shoes while rival Liz Truss scrapes by with £4.50 earrings.

  • PW080722_housing_shutterstock_648611077_cred Alicia G. Monedero
    Insight

    Housing cycles: the key differences

    2022-07-06T23:00:00

    It’ll be different this time. No, I’m not being ironic. The way this housing cycle unwinds is likely to be very different to the last two – despite the headlines.

  • PW100622_housebuilding_shutterstock_1869898126_cred-Ceri-Breeze
    News

    Glass half full for housebuilders

    2022-06-08T23:00:00

    Forget RPI or CPI. The spectre of inflation really hit home when my inflationary measure of choice, LPI or the London Pride Index, ticked up.

  • Housing-estate_shutterstock_cred-Ewelina-Wachala-PW060418
    Online

    No crisis signs for housebuilders

    2022-05-11T23:00:00

    Cost-of-living crisis, rising interest rates, Covid, Brexit and a grinding war in Ukraine. Cue carnage for the housing market? For housebuilders, so far, it’s still a case of ‘crisis, what crisis?’

  • Stock-market_credit_shutterstock_Phongphan_416888221
    News

    Investors vote with their wallets

    2022-04-12T23:00:00

    When the UK’s top eight stock-market-listed housebuilders announced combined profit writedowns of more than £1bn over three days to pay for recladding, investors might have been expected to press the panic button.

  • Putin-shutterstock_2131360371-Photographer-RM-PW180322
    News

    A Russian threat on the home front

    2022-03-17T00:00:00

    “Everybody has a plan until they get punched in the mouth.” Mike Tyson’s famous quip has a chilling resonance for a world plotting a recovery from a global pandemic – but now facing off an infinitely nastier brute.

  • Column data colour graph
    Insight

    London ends rental drought

    2022-02-17T00:00:00

    London rental levels have finally shaken off the curse of George Osborne, with agents now foreseeing residential rents in the capital rising faster than the rest of the country for the first time since the ex-chancellor’s 2015 Budget put the kibosh on the sector for close on seven years.

  • Cladding removal
    Insight

    What is cladding levy rationale?

    2022-01-20T00:00:00

    There is a similar sense of politicians grasping at straws when you compare Australia’s attempts to deport Novak Djokovic and Michael Gove’s threat to make developers pay £4bn for recladding mid-rise housing blocks. Maybe the housing secretary formulated some of the policy while stuck in a BBC lift for half ...

  • Modular housing craned in
    Insight

    Has MMC’s moment finally come?

    2021-12-09T00:00:00

    ‘Modern’ methods of construction (MMC) have been the next big thing for building houses since the Romans or earlier.

  • UK brick stocks
    Insight

    Housebuilders not bricking it yet

    2021-11-18T00:00:00

    The abiding metaphor for property is ‘bricks and mortar’, so data on their availability is as good a barometer as any on the relative fortunes of real estate, especially housebuilding. Judging by the latest, it looks like bricks are in shorter supply than, supposedly, turkeys for Christmas.

  • Insulate Britain protest
    Insight

    Time to fight carbon with carbon

    2021-10-21T00:00:00

    Are you, like me and most Brits, trying to do your bit to save the planet, but totally hacked off by the nihilistic tactics of Insulate Britain? Can I suggest a way to stop the lunatics from gluing themselves to the M25: next time they pounce, turn the heating up ...

  • RESI 2021
    Insight

    RESI Convention ushered in a hybrid future

    2021-09-16T00:00:00

    I really must get out more. That realisation dawned on me and possibly everyone else at last week’s RESI Convention, held on terra firma at Celtic Manor on 8 to 9 September rather than via the cloud.

  • Steel piles building site
    Insight

    Builders left bitter by share slide

    2021-08-05T00:00:00

    “We announced fantastic results, our order book went up strongly, we increased the land bank and our net cash position soared. And guess what? Our shares went down.”

  • Housebuilding
    Insight

    Wall of money needs a home

    2021-07-08T00:00:00

    “There’s a wall of money looking for a home,” a financier told me after one in a flurry of recent private equity-funded acquisitions. Where better a home for these billions than in, well, homes?

  • For sale sign
    Insight

    Ditch the sou’wester for shades

    2021-06-10T00:00:00

    “You don’t need a weatherman to know which way the wind blows,” a now newly octogenarian Bob Dylan howled in 1965’s Subterranean Homesick Blues. As for housing, you definitely don’t need an economist to know which way prices are going.

  • Housebuilding
    Insight

    Land scarcity sparks costs surge

    2021-05-13T00:00:00

    Things couldn’t get rosier for the housebuilders, it would seem. Sales volumes and prices are up, irrespective of dwindling government support.

More by Alastair Stewart