All economy articles
-
NewsLack of skilled workers may be biggest barrier to Labour hitting 1.5m homes target, warns economist
Construction Products Association director Noble Francis warns “there just won’t be the people” to meet key manifesto pledge
-
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
-
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.
-
NewsGleeson launches new ‘second stepper’ strategy
Housebuilder rebrands to broaden its appeal beyond first-time buyers as high loan rates persist
-
NewsDrop in housing output leads construction into reverse in August
Latest official figures say private housing output in August 15% below a year ago
-
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
-
NewsSlump in housebuilding activity accelerating
Key survey of purchasing managers reports ninth successive month of decline in housing output
-
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 ...
-
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
-
NewsRedrow to shut two divisions as it launches restructure
Listed housebuilder blames economic climate as it cuts overhead and prepares to reduce output
-
NewsPrivate housebuilding output drop 1.6% in May
Official figures for May show drop in new-build construction driven by private housing decline
-
NewsHousebuilding completions drop 12% in first quarter
Official figures show impact of downturn, with completions slumping 42% in London quarter-on-quarter
-
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
-
NewsBank of England announces bumper half point rate rise
Base rate to increase to 5% amid persistent inflation fears
-
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%
-
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
-
NewsHalifax records first year-on-year price drop for over a decade
Mortgage lender says brief spring bounce in prices has faded ‘as expected’
-
NewsHousebuilding output slumps 5.4% in first quarter
New orders for private housebuilding down nearly a fifth, says ONS
-
NewsHousebuilding activity falling at fastest rate since first lockdown
Purchasing managers’ survey shows fifth successive monthly decline in activity
-
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