All mini budget articles
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NewsExtra £20m for social housing in Northern Ireland welcomed, but CIH says “significant gap” remains
The number of new social homes expected to be built this year is set to fall by 73%, to 400, but the additional £20m will help build more homes
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NewsBarratt to hit reduced volume numbers as sales recover
But UK’s biggest housebuilder says sales per site per week still 30% down on last year
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NewsApril house price increase lower than usual
Rightmove says first-time buyer sector helping market recovery
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NewsCrest Nicholson says housing market recovering
The housebuilder’s sales per outlet rate has risen to 0.52 in recent weeks from 0.35 before Christmas
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NewsTaylor Wimpey predicts output slump for 2023
Firm closes Oxfordshire business and says completions could drop by more than a third
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NewsPersimmon warns that volume could plummet unless market improves
Housebuilder says house completions could nearly halve to as little as 8,000 at current rates of sale
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NewsBellway predicts flat volume for 2023 on ‘improved’ reservations
Housebuilder says visitors to sites and reservations have picked up since end of 2022
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NewsHousebuilder shares spike as Bank of England improves economic outlook
Persimmon’s share price rose nearly 8% yesterday as Bank says recession will be shallower than previously thought
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NewsUK sees New Year house price bounce, says Rightmove
But prices remain 2% below the level of October 2022 and enquiries down a third on this time last year
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NewsPersimmon pauses site openings as sales slump
Housebuilding giant says it has been hit hard by combination of rising rates and closure of Help to Buy
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NewsBarratt stops hiring as downturn hits volume
UK’s biggest housebuilder says completions could fall 11% for the full year if sales don’t pick up
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NewsRegulator downgrades 14 more housing associations on viability
Latest batch of judgements brings total downgrades in recent weeks to 48 as regulator warns of lowered financial capacity
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NewsSpringfield shares slump on profit warning
Scottish housebuilder says earnings for current year will be below last year, despite increasing turnover
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NewsBuyer demand for homes now half the level seen last year
Zoopla says a quarter of sellers have reduced asking prices as demand in the last month down 47% year-on-year
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CommentHousing associations face tough choices as belts tighten
While there were several plus-points in last week’s autumn statement, associations and their residents are still in for a rough ride over the next two years, writes Paul Hackett
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NewsGleeson sees cancellations soar in wake of mini budget turmoil
Housebuilder says net reservations per site have dropped to just 0.26 per week since botched announcement
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NewsPersimmon blames Westminister ‘disruption’ as sales slide and cancellations spike
Housebuilder’s shares hit as firm cancels shareholders payout scheme and raises building safety allocation to £350m
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NewsUK house prices fell sharply in October, says Nationwide
Building society says drop of nearly 1% was first month on month fall since July last year
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NewsContinued high mortgage rates ‘would see double digit house price falls’
The ‘new norm’ is for mortgage rates to soon stabilise to around 4 to 5%, says Zoopla