Lloyds index also reports annual growth rise
The average UK property value rose by 0.2% in June following a -0.2% fall in May, according to the latest Lloyds house price index.
The average property price is now £299,330, compared with £298,812 in May.
Annual house price growth also nudged upwards in June to 0.6%, from 0.5% in May.
Northern Ireland continues to record the strongest annual house price growth in the UK, with average prices up 7.4% over the year.
Scotland enjoyed annual growth of 3.9%, with Wales experiencing a slight rise of 0.9%.
In England, stronger house price growth remains stronger in northern regions, with the North East seeing prices rise 2.8% over the year.
By contrast, the South East saw prices fall -2.0% year-on-year, and London saw average values fall by -1.1%.
Acceleration in housing association starts and completions
A new survey by the National Housing Federation (NHF) has revealed that housing association starts and completions accelerated in 2025/26 after the spending review.
The results found that 42,792 homes were built in 2025/26 – a 5% rise on the previous year.
35,570 homes were started in the same period; a rise of 15%.
Kate Henderson, chief executive at the NHF, said: “These figures demonstrate how quickly housing associations can deliver when they have the right support, certainty and long-term investment.
“After years of cuts and rising pressures, we are now seeing a record boost in social rent starts and completions – the homes needed by those at the sharpest end of the housing crisis, including the 176,000 children in temporary accommodation.”
Subdued construction performance continues
The latest S&P Global UK Construction Purchasing Managers’ Index has found further declines in output across construction companies during June, but at a slower rate than the previous month.
Housebuilding activity registered an index of 35.9, marking the sharpest decrease in 2026 to date.
The lower levels were attributed to a combination of subdued housing market conditions, higher borrowing costs, elevated business uncertainty and delayed project starts.
Developer and supply chain updates
Vistry expects to report a first-half pre-tax loss of around £30m after cash generation measures, including increased discounting and asset sales, reduced profit by £50m, while Chief Financial Officer Tim Lawlor will step down following publication of the half-year results and completion of Chief Executive Officer Adam Daniels’ strategic review.
The housebuilder described 2026 as a “transition year”, with the review targeting lower debt, reduced work in progress and annual overhead savings of £25m, as first-half completions fell to around 6,100 homes and average private sales discounts rose to 7.1%.
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Iain McPherson will join Allison Homes as Chief Executive Officer in September, succeeding John Anderson, who will move into a Non-Executive role as part of a planned leadership transition.
The appointment follows a strong year for the housebuilder, with turnover rising nearly 30% to £211.9m and completions increasing from 626 to 808 homes, driven by growth in affordable housing partnerships.
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Gleeson Homes increased completions by 9.8% to 1,968 homes during FY2026, supported by its first partnership completions and higher private multi-unit sales, while securing eight partnership deals covering 384 homes despite a challenging market.
Overall reservation rates improved to 0.77 per site per week, although underlying private reservation rates excluding multi-unit sales edged down slightly to 0.51.