All Housebuilders articles – Page 6
-
NewsBellway 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.
-
NewsBerkeley 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”.
-
NewsUK 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.
-
NewsGove goes months without meeting major housebuilders
A government document has revealed that housing secretary Michael Gove has gone months without meeting major housebuilders.
-
NewsTaylor 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.
-
NewsNationwide 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.
-
NewsStewart 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.
-
OnlineVistry 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.
-
OnlineHousebuilders’ 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.
-
NewsGove 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.
-
OnlineHoney 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.
-
OnlineInland Homes appoints former Gleeson boss Harrison as CEO and looks north
Inland Homes has appointed former Gleeson boss Jolyon Harrison as chief executive.
-
OnlineVistry 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.
-
NewsProperty 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%.
-
InsightTesting 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.
-
NewsPlacefirst appoints Marshall as investment director
Henry Marshall has joined build-to-rent provider Placefirst in the newly created role of investment director.
-
InsightHome economics: a new enthusiasm for Labour
Alastair Stewart explores Labour’s growing appeal.
-
NewsIndustry 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.
-
OnlineSpringfield appoints new finance chief
Scottish housebuilder Springfield Properties has appointed Iain Logan as chief financial officer (CFO).
-
InsightBlend’s David Alcock on why Sunak cannot afford to put housing on the backburner
At a time when Britain is suffering from a severe housing crisis, especially in the most prosperous places in the Greater South East, this government has taken an increasingly anti-housebuilding and anti-business policy environment stance that is threatening to leave thousands of much-needed new homes on the drawing board and ...
