Construction output surged in November, as material prices flatten for the first time since September 2020. Meanwhile, several housebuilders announce results to the City, with differing fortunes.
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First-time buyer transactions hit a high, whilst SMEs reveal major barriers to housing delivery
HMRC figures reveal that first-time buyer transactions reach the highest level since 2002, amid ongoing challenges to housing completions in 2022.
House prices end year at record high, as Miller Homes bought by Apollo
The latest house price index from Nationwide reveals that 2021 ended on a record high, as Miller Homes announce a purchase by Apollo.
Building Regulation changes announced, as house prices increase
Official figures from the ONS reveal that house prices rose by over 10% in the twelve months to October 2021, whilst Building Regulation changes are announced.
Pandemic triggers huge reduction in skilled labour
The Construction Products Association have reported that 223,000 workers have left the industry over the past two years, worsening an already dire labour shortage.
House price growth continues, with materials facing an uncertain 2022
Nationwide and Zoopla release their latest house price index reports, whilst the CLC warn of material uncertainty in 2022 and the HBF call for a change in the planning system.
Lockdown affects housing completions, as New Homes Ombudsman revealed
The latest official statistics reveal a drop in housing completions in 2020/21, as lockdown takes its toll. Meanwhile, the New Homes Ombudsman partner is revealed.
Average house price rises, as affordable completions fall
The ONS have published their house price index for September, whilst DLUHC report a fall in affordable completions. Meanwhile the HSE targets mental health of construction workers.
Strong results from housebuilders, as labour levels ease and steel prices rise
This week saw several housebuilders publish strong results, but warn of increasing build costs. However, labour levels seem to be stabilising.
Construction output grows amidst ongoing industry challenges – with solutions offered
Data from IHS Markit and CIPS shows that construction output grew in October; but the industry continues to face multiple challenges.
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