All economy articles
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NewsBudget 2024: Hunt cuts tax on house sales
Industry welcomes investment in London but is disappointed by lack of significant measures to boost residential development
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In FocusUK housebuilding recession: How much worse is it going to get?
With little prospect of a rapid reduction in interest rates to spur a recovery, many in the industry are now just looking to “survive until ’25”. Joey Gardiner looks at the prospects for residential developers doing so.
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NewsGleeson launches new ‘second stepper’ strategy
Housebuilder rebrands to broaden its appeal beyond first-time buyers as high loan rates persist
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NewsDrop in housing output leads construction into reverse in August
Latest official figures say private housing output in August 15% below a year ago
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NewsHousebuilding slump drives steepest fall in construction output since covid
Survey of purchasing managers shows drop in housing activity fastest for 14 years outside of pandemic
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NewsSlump in housebuilding activity accelerating
Key survey of purchasing managers reports ninth successive month of decline in housing output
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NewsHousebuilding output at highest for three months in June
Housebuilding output recovered in June to hit its highest level for three months, according to official data, despite a slew of grim warnings from housebuilders in recent weeks. Seasonally adjusted figures from the Office for National Statistics showed that housebuilding output increased by 1.3% to £3.61bn in the month, its ...
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NewsProperty prices drop in July for fourth month in a row
Prices down 2.4% annually but Halifax spots signs of resilience in latest monthly survey
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NewsRedrow to shut two divisions as it launches restructure
Listed housebuilder blames economic climate as it cuts overhead and prepares to reduce output
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NewsPrivate housebuilding output drop 1.6% in May
Official figures for May show drop in new-build construction driven by private housing decline
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NewsHousebuilding completions drop 12% in first quarter
Official figures show impact of downturn, with completions slumping 42% in London quarter-on-quarter
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NewsHouse sales 'to drop 25%' amid mortgage rate surge
Capital Economics also predicts sharp price falls ahead of vital Bank of England rate-setting meeting
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NewsBank of England announces bumper half point rate rise
Base rate to increase to 5% amid persistent inflation fears
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NewsFears grow over interest rate impact on new build
Warning of significant impact on London housing starts as average two-year fixed mortgage rates top 6%
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NewsMortgage market turmoil continues as lenders pull products
Average cost of a two year fixed rate loan is at highest since the turn of the year
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NewsHalifax records first year-on-year price drop for over a decade
Mortgage lender says brief spring bounce in prices has faded ‘as expected’
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NewsHousebuilding output slumps 5.4% in first quarter
New orders for private housebuilding down nearly a fifth, says ONS
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NewsHousebuilding activity falling at fastest rate since first lockdown
Purchasing managers’ survey shows fifth successive monthly decline in activity
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NewsPrivate housing output to slump by nearly 20% this year, CPA says
Construction’s largest sector hit by interest rate hikes as CPA says wider indsutry will slump by more than 6% this year
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NewsHousebuilder share prices dip amid renewed interest rate fear
Markets expect Bank of England to take action after inflation remained in double figures in March