All Housebuilders articles – Page 5
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NewsHousebuilders unlikely to see much volume recovery in 2024, Investec says
Housebuilders are likely to remain cautious until they are confident of a sustained recovery so, even if spring sees a better market, there is unlikely to be much volume recovery in 2024, according to Investec’s sector review.
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NewsAutumn Statement: Hunt ‘gives with one hand, takes with another’ with planning and business rates changes
Chancellor Jeremy Hunt’s Autumn Statement provided a mixed bag for the property industry with the announcement of premium planning services and a freeze to the business rates multiplier among the measures likely to have the most significant impact.
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NewsCrest Nicholson lowers profit forecast as costs overrun at Farnham scheme
Crest Nicholson has lowered its profit forecast to between £45m and £50m after its Brightwells Yard scheme in Farnham, Surrey incurred extra building costs of £11m, according to the housebuilder’s annual trading update.
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InsightWas October the turning point?
Could we have already witnessed the worst that the much-heralded housing ‘crash’ has had to throw at us? Persimmon chief executive Dean Finch was prepared to stick his neck out this month after half-decent trading in October: “Given where we started the year, we’d have taken this in a heartbeat,” ...
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InsightDolphin Living’s Olivia Harris on the need for a new consensus on housing
We are no more than 12 months away from the next general election and it shows. Although party conference season is a fast-fading memory, housing and planning dominated all of them to various degrees.
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NewsRedrow warns profit to come in at lower end of forcecasts
Redrow blamed a dampened autumn housing market as it said annual profit before tax and revenue was expected to come in at the lower end of its forecast range in a trading update for the first 18 weeks of its 2023-24 financial year.
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NewsGove sets out options for leasehold reform but industry predicts ‘rocky road ahead’
The government has unveiled proposals to slash ground rents, setting out five options for leasehold reform, following the unveiling of the Leasehold and Freedom Reform Bill in the King’s Speech.
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NewsTaylor Wimpey boosts profit expectations in upbeat H2 update
Taylor Wimpey has increased its expectations for group operating profit to the top end of its £440m to £470m guidance range at, due to its focus on “optimising price and sharp cost discipline”.
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NewsStanley Land gains approval for 168- home St Helens development
Stanley Land and Homes has received planning permission to create 168 affordable homes to regenerate a former glass works site off Lancots Lane in St Helens.
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NewsPersimmon appoints former Galliford Try finance director Duxbury as CFO
Persimmon has appointed Andrew Duxbury, former group finance director at Galliford Try, as chief financial officer (CFO). He will join the board as an executive director, with the start date yet to be confirmed.
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NewsMayor of London joins calls from London housebuilders to boost supply
Mayor of London Sadiq Khan has joined leaders from London’s housebuilding sector in calling on government to adopt proposals to boost housing supply in the capital to avoid a national downturn.
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NewsVistry pre-sells 3,000 homes in £819m partnerships deal with Sage and Leaf
Vistry Group has signed an £819m partnerships deal with two Blackstone-backed providers, Leaf Living and Sage Homes, in one of the largest new-build residential investment transactions on record.
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NewsPersimmon grows full-year volumes but staff headcount could fall by 700
Housebuilder Persimmon has said today (7 November) it is now on track to deliver around 9,500 new homes for 2023, ahead of its 9,000 total completions forecast over the summer and operating profit will be in line with expectations.
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NewsHousebuilding lull weighs on construction activity
Housebuilding decreased for the 11th successive month in October and at a much steeper pace than elsewhere in the construction sector, with the headline S&P Global/CIPS UK Construction Purchasing Managers’ Index (PMI) at 38.5.
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NewsCrest Nicholson chief exec predicts housebuilding will fall short under Labour proposals
Peter Truscott, chief executive of housebuilder Crest Nicholson, has said Labour leader Sir Keir Starmer’s pledge to deliver 1.5 million new homes if elected lacks clarity and guidance, and warned it could take several years to deliver.
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NewsHousebuilders ‘resilient in the face of cost-of-living storm’
Strong balance sheets and order books put the major players in good stead during the cyclical downturn.
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InsightWhy it’s vital to support the delivery of new affordable homes
Lloyds Bank is partnering with others to create a more equitable society through delivery of social housing.
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NewsHunt plots stamp duty and tax cuts after by-election losses
Chancellor Jeremy Hunt is reportedly in discussions to cut stamp duty and could be set to introduce a new support scheme to help first-time buyers in a move triggered by the government’s recent by-election losses.
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OnlineIlke Homes formally enters liquidation
Modular housebuilder Ilke Homes has formally entered liquidation with debts of more than £319m set to go unpaid.
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OnlineVistry to take £40m hit to profit as it closes private home sales unit
Housebuilding giant Vistry has told investors that it expects a £40m hit to its profits after it shut its private housebuilding arm down to focus solely on affordable housing partnerships.
