All Housebuilders articles – Page 8
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News
Property stocks drop as market is ‘spooked’ by new GDP data
UK property stocks dropped this morning as gross domestic product (GDP) data showed that the UK economy grew by 0.2% in Q2 and by 0.5% in June, giving the Bank of England more leeway to hike rates further – which experts said is bad news for property.
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News
Weak market drives single-family housing BTR projects up by 13%
Single-family housing is on the rise in the UK build-to-rent (BTR) market, with 9,626 completed units, 9,122 under construction and 9,187 in planning in the second quarter of this year, according to the latest figures from Cushman & Wakefield.
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News
Bellway to cut headcount as it faces weaker trading in June and July amid rising rates
Housebuilder Bellway has delivered a robust performance for the financial year to 31 July 2023, but the increase in mortgage rates through June and July 2023 has resulted in a weaker trading environment, impacting its order book and forcing it to look at cutting headcount.
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News
Berkeley Group posts revenue rise but remains ‘cautious’ to new investment
Housebuilder Berkeley Group has posted an increase of 9% in revenue to £2.6bn for its financial year ended 30 April 2023, but “will remain cautious in committing to new investment until the conditions for growth are in place”.
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News
UK housebuilder stocks ‘still look attractive’ if house price correction is avoided
Stocks in UK housebuilders “still look attractive [in terms of] value assuming a painful recession and house price correction is avoided into 2024”, according to a new report by Investec.
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News
Gove goes months without meeting major housebuilders
A government document has revealed that housing secretary Michael Gove has gone months without meeting major housebuilders.
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News
Taylor Wimpey profit drops 43% amid ‘extremely challenging’ planning backdrop
Taylor Wimpey has reported a 42.7% decrease in its profit before tax for the first half of 2023 as it said “variable market conditions including substantially higher mortgage rates” had an impact on results.
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News
Nationwide reveals biggest annual house-price fall since 2009
UK house prices decreased 8.8% in July, representing the largest fall on record since 2009, according to Nationwide’s index.
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News
Stewart Milne sees strong return to profits
Scottish housebuilder Stewart Milne Group has delivered pre-tax profits of £16.5m for its financial year ending 31 October 2022, representing its best results for almost a decade.
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Online
Vistry Group secures additional grant funding from Homes England
Housebuilding giant Vistry has secured an additional £67m from Homes England to develop grant-funded affordable homes in the period up to 2026.
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Online
Housebuilders’ share prices unchanged despite Gove’s plans to boost housing
Major housebuilders’ share prices remained largely unchanged following housing secretary Michael Gove’s announcement today (24 July) of plans to relax rules in England to simulate housebuilding.
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News
Gove sets out plans to build 1 million new homes
Housing secretary Michael Gove has launched proposals to extend permitted development rights and a £24m boost for planning skills, in bid to reach the government’s 1 million new homes target set out in its 2019 manifesto pledge.
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Online
Honey hires Vistry exec as it targets seven further development sites
Housebuilder Honey has appointed former Vistry Group head of land Luke Herring as land and planning director as it continues with its site acquisition programme.
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Online
Inland Homes appoints former Gleeson boss Harrison as CEO and looks north
Inland Homes has appointed former Gleeson boss Jolyon Harrison as chief executive.
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Online
Vistry provides mixed trading update
Housebuilding giant Vistry has posted a slight rise in average weekly sales rate to 0.86 during the first half of the year, up from 0.84 during the same period in 2022, and said its partnerships business continued to show resilience in difficult economic conditions.
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News
Property stocks surge as inflation falls
UK property stocks surged on Wednesday after UK headline inflation dropped from 8.7% to 7.9% in June, representing a 15-month low, while core inflation dipped slightly to 6.9%.
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Insight
Testing the future of net zero homes
Barratt’s energy-efficient eHome2 is undergoing months of testing to help the housebuilder understand more about how to successfully build low-carbon and net zero housing at scale.
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News
Placefirst appoints Marshall as investment director
Henry Marshall has joined build-to-rent provider Placefirst in the newly created role of investment director.
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Insight
Home economics: a new enthusiasm for Labour
Alastair Stewart explores Labour’s growing appeal.
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News
Industry slams DLUHC for failing to spend £1.9bn of budget
The Department for Levelling Up, Housing and Communities has come under fire for surrendering back to the Treasury £1.9bn of the department’s budget it had been unable to spend.