Jeremy Hunt’s Spring Budget leaves the housebuilding industry disappointed, as house prices rise but building manufacturers post falls in profit.
Category Archives: weekly roundup
CMA to investigate alleged anti-competitive behaviour as final report published
The Competition and Markets Authority publishes its report into the housebuilding market this week, with eight developers under investigation.
Developers call for stamp duty cut ahead of Spring budget
Senior executives call for Hunt to reduce Stamp Duty in the upcoming budget, as construction materials remain stable and 2023 completions fall.
Gove’s brownfield consultation receives mixed response
Michael Gove launches a consultation into planning policy changes for brownfield development, as the ONS publishes house price data for December 2023.
Barratt strike to buy Redrow in £2.5bn deal
In a surprise move, Barratt and Redrow announce a merge of the two businesses. Meanwhile, the NHBC reveal completion data for 2023.
Almost three-quarters of developers want a Labour government
A survey by Knight Frank has found that 70% of housebuilders would welcome a Labour government. Meanwhile, house prices rise slightly.
Planning continues to be the biggest obstacle to growth, say construction firms
The latest State of Play report from the HBF sees planning remaining as the key obstacle to SME growth. Meanwhile, the number of construction firms in financial distress rises.
Optimistic start to 2024 as house prices increase in January
Rightmove report the biggest monthly house price rise since 2020, but Red Sea attacks could add to industry challenges.
Organisations call for housing policy reform as more developers enter administration
Three housing organisations call for meaningful policy change ahead of a General Election, as several developers post trading updates – and some fall into administration.
“Not that difficult” to buy a home says NatWest chair, as house prices rise
Sir Howard Davies prompts criticism after comments on BBC Radio 4, as house prices increase for the third month in a row.
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