All housing market articles – Page 2
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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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NewsHomes built by housing associations for sale to drop 25% over five years, says RSH
But Regulator of Social Housing warns providers they still need to be careful to manage non-social housing risks as market decline persists
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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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NewsLowest October price growth since 2008, says Rightmove
Small increase in October housing asking prices as sales decrease by 17% year-on-year
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NewsHousing demand remains weak as mortgage affordability ‘stretched’, says RICS
Stabilisation of interest rates offers glimmer of hope to struggling sector, surveyors’ body warns
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NewsBrickmaker Forterra cites reduced housing demand as earnings slump
Firm adds that full-year earnings now expected to be below previous forecasts
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NewsHouse prices record biggest annual fall in 14 years in September
Halifax says month-on-month fall of 0.4% indicates rate of decline of prices has slowed
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NewsHouse prices stabilised in September, says Nationwide
Nationwide reports no change month-on-month but prices are still 5.3% down on the same period last year
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NewsHouse prices fall nearly 2% in August
Halifax says year-on-year drop now the steepest since the global financial crisis
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NewsHouse prices fall at fastest rate since 2009
Nationwide says rise in borrowing costs are having an impact on the market
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NewsHousing sales to drop 20% overall this year says Zoopla
Higher borrowing costs predicted to cause sales to fall to lowest level in 11 years
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NewsAsking prices drop at fastest rate for five years
Rightmove says 1.9% fall is steepest in August since 2018
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NewsCrest Nicholson issues profit warning amid ‘deteriorating’ sales
Housebuilder seeking to cut costs as it revises down its profit forecast for the year by 47%
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NewsAnnual house price inflation slows to 1.7%
Official figures show slow annual growth but third successive month-on-month rise
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NewsHouse sales at weakest level since first Covid lockdown
RICS’ latest Residential Market Survey of estate agent suggests high mortgage rates are impacting on buyer activity
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NewsBellway to shut two divisions amid market ‘slowdown’
Housebuilder launches major restructure and redundancy consultation ahead of trading update tomorrow
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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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NewsConstruction returns to growth but housing stays stuck in doldrums
Bellwether index says comemrcial and infrastructure drove activity last month
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NewsIbstock to shut factory as housing slowdown hits brickmaker’s profit
Cost of closing site will include £1.5m on redundancy payments
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NewsHouse prices drop 0.2% in July - Nationwide
The latest house price index reveals July 2023 was the “weakest outturn” since July 2009