Reports reveal thousands of construction companies facing insolvency due to a slump in the market, as annual house prices fall.
Category Archives: weekly roundup
House prices to fall until 2025 as industry recession continues
Lloyds Group predict that house prices will fall in 2024, as the Construction Products Association also downgrades their forecast for next year.
Bellway and Barratt reveal gloomy market forecasts
Barratt and Bellway both publish gloomy trading updates this week, as house price growth in October falls to its lowest level since 2008.
Labour government to reform housebuilding, says Starmer
Sir Kier Starmer pledges to unlock housebuilding at the Labour Party Conference this week. Meanwhile, material merchants see profits hit by poor market demand.
UK planning system under scrutiny as multiple reports published
Several firms issue reports on the broken planning system, voicing suggestions for improvements and highlighting the root causes of ongoing challenges.
New construction coalition formed to tackle industry inequality
Twelve organisations form a coalition to improve equality, diversity and inclusion within the industry.
Anger within housing industry as nutrient neutrality proposals rejected
The industry reacts as proposed nutrient neutrality changes are scrapped, and 150,000 homes remain blocked.
Planning permissions fall to record low
The HBF have reported record falls in the number of planning permissions, as house prices fall in August and Barratt report weak reservation rates.
Up to 100,000 new homes unlocked as nutrient neutrality rules scrapped
The Government scraps nutrient neutrality rules which were blocking the delivery of thousands of new homes. Meanwhile, annual house prices fall in August at the highest rate since 2009.
CMA launches study into housing industry
The Competition and Markets Authority announces that it will continue its investigation into the industry, as house prices fall more than usual in August.
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