Taylor Wimpey says housing market is set for “lower rate of price of growth” January 12, 2015 House builder Taylor Wimpey reported this morning its total home completions rose six per cent to 12,454 in the year ended 31 December. The average selling price on private completions grew a hefty 11 per cent from £210,000 in 2013 to £234,000. The overall average selling price climbed 12 per cent to £213,000. The FTSE 100 [...]
Taylor Wimpey, Barratt and Persimmon share prices among biggest FTSE fallers as Jefferies slashes ratings January 9, 2015 Housebuilders Taylor Wimpey, Barratt and Persimmon were among the biggest fallers on the FTSE 100 this morning, after broker Jefferies cut its rating across the sector. Shares in Taylor Wimpey – whose rating was cut to "hold" from "buy" – were down 4.9 per cent in lunchtime trading, while Barratt and Persimmon, which were both [...]
UK house prices: Mild respite for home buyers as market cools January 8, 2015 House price growth continued to slow in December, but still remained at elevated levels. The climb in house prices was 7.8 per cent year-on-year in December, figures released yesterday by Halifax revealed. It marks a cooling from the peak of the recent boom that, according to Halifax’s figures, saw prices rise 10.2 per cent year-on-year [...]
UK house prices growing at the slowest rate since November 2012 January 8, 2015 House prices grew by 0.3 per cent in December, their slowest rate since the three months to November 2012, according to data released by Halifax. Today's data is further evidence of a sluggish housing market in the second half of the year, slowing from a peak of 3.5 per cent for the three months to [...]
Charter Court Financial Services launches new challenger savings bank – high interest and online-only January 7, 2015 Britain is set to get another savings bank as the wave of new firms receiving licences from the regulator continues to grow. Charter Court Financial Services yesterday said it had gained approval from the Prudential Regulation Authority to launch Charter Savings Bank. It will be an online-only savings bank, and its establishment opens up a new channel [...]
Wall St up as Fed signals no rate hike hurry – New York Report January 7, 2015 US STOCKS rebounded yesterday from five straight sessions of losses after strong private sector jobs data and as minutes from the most recent Federal Reserve meeting reassured investors the bank was in no hurry to start raising interest rates. The Dow Jones industrial average rose 212.88 points, or 1.23 per cent, to 17,584.52, the S&P [...]
First-time buyer sales up by 22 per cent last year January 6, 2015 HOUSE sales to first-time buyers rose by 22 per cent last year with 326,500 taking their first steps onto the property ladder. The rise in new buyers means sales at this end of the market are back to 2007 levels, at the start of the financial crisis. The figures, published by lender Halifax, show that [...]
UK house prices: Number of first-time buyers soar to highest level since the financial crash January 6, 2015 The number of first-time buyers soared to its highest level since 2007 last year, according to The Halifax. Last year the number of first-time buyers rose to 326,500, up 22 per cent on 2013, representing the highest number of first-time buyers since the financial crash of 2008. Halifax said the cost of putting down a [...]
Shelter warns of struggle to pay house bills January 4, 2015 OVER 3m people could be at risk of missing mortgage or rent payments this month, housing and homelessness campaign group Shelter will say today. According to a survey commissioned by Shelter and undertaken by YouGov, 11 per cent of people who pay rent or have a mortgage are worried about covering their housing costs in [...]
US jobs data gives snapshot of economy – The week ahead on Wall St January 4, 2015 INVESTORS will get a fresh snapshot of the state of the US economy at the start of 2015 on Friday, when figures for nonfarm payrolls, the unemployment rate and wholesale inventories are announced. The unemployment rate for December is likely to remain at 5.8 per cent, according to analysts, while weekly jobless claims for January, [...]