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housebuilding

  • Average price tag on a home falls as rate cuts spark demand revival

    November 18, 2024

    According to Rightmove, the standard price for a newly marketed home currently sits at £366,592, a 1.4 per cent month-on-month drop.

  • Housebuilding woes ahead of Budget weigh on construction activity

    November 6, 2024

    Having reached a 29-month high in September, S&P's construction purchasing managers' index (PMI) "slowed considerably" last month.

  • Vistry shares plunge after builder warns on profit

    October 8, 2024

    Vistry shares plunged around a third in early deals this morning after the company issued an unscheduled profit warning. The share price has since stabilised, but it remains down by just over 24 per cent. The group has warned that its profit will be £80m lower than expected this year due to issues with some [...]

  • Galliford Try hikes dividend as profit surges

    October 3, 2024

    Galliford Try has reported a more than tripling in annual profit and hiked its dividend as the housebuilder's earnings surpassed analysts' expectations.

  • We need more new towns like Brent Cross – but we need them in the right places

    September 25, 2024

    Brent Cross is London's newest park town. Its proximity to London has been crucial to making it a success, writes Tom Goodall

  • JCB issues warning despite sales hitting £6.5bn and profit surge amid housebuilding struggles

    September 23, 2024

    JCB reported a steep 44.5 per cent rise in pre-tax profit to £805.8m, despite wider struggles in the UK housebuilding market.

  • New home approvals fall to lowest level in a decade as Labour promises planning overhaul

    September 19, 2024

    In the year to June, approvals dropped 12 per cent to just over 230,000 units, the lowest figure for any 12-month period in the last decade.

  • Labour’s housebuilding plans ‘too reliant’ on private sector

    September 12, 2024

    An influential think tank has argued that the government is unlikely to meet its ambitious housebuilding targets because it is "too reliant" on the private sector.

  • Barratt Developments to partner with Lloyds and Homes England on housing project

    September 9, 2024

    Barratt Developments has announced a joint venture with Homes England and Lloyds Bank to build thousands of new homes across the country. The partnership will bring together Barratt, one of the UK’s leading housebuilders, Homes England, the government body responsible for housebuilding and regeneration in England, and Lloyds Banking Group, one of the largest funders [...]

  • Completions to fall at Barratt amid flurry of updates from housebuilders

    September 1, 2024

    Barratt Developments is expected to report a fall in home completions, but profits just ahead of previous expectations, amid a week of financial updates from UK housebuilders. The company, which is Britain’s biggest housebuilder, reports its annual results on Wednesday September 4, with updates from Vistry and Berkeley Group in the following days. Barratt said in July [...]

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