weekly roundup – Page 12

Gove scraps housing targets as planning permissions decline

Michael Gove unveils revisions to the National Planning Policy Framework, as planning permissions reach a new low.

There is light at the end of the tunnel and optimism on the horizon, as the housing market seems to stabilise.

Halifax has reported a second successive monthly rise in house prices, as new data shows planning decisions increasing.

Nationwide and Zoopla publish their latest house price index reports, whilst construction insolvencies rise 59% in a year.

The housing industry reacts to an underwhelming Autumn Statement, as the HBF publishes a plan to unlock housebuilding.

Rachel Maclean is out and Lee Rowley is back in, as yet another cabinet reshuffle results in a new Housing Minister.

Several developers publish trading updates this week, with mixed results. Meanwhile, the King’s Speech leaves the industry underwhelmed.

Reports reveal thousands of construction companies facing insolvency due to a slump in the market, as annual house prices fall.

Lloyds Group predict that house prices will fall in 2024, as the Construction Products Association also downgrades their forecast for next year.

Barratt and Bellway both publish gloomy trading updates this week, as house price growth in October falls to its lowest level since 2008.