Government figures show house prices still rising
The government’s latest house price figures show house price inflation rising from 10.9% in March to 11.3% in April, with 14% growth in London – up from 13.9%.
Inflation rate eases
Britain’s inflation rate fell to 2.5% in May, following readings of 3.1% in March and 2.8% in April, according to latest consumer price index (CPI) figures from the Office of National Statistics.
CML figures show borrowers increasingly stretched
Mortgagees are increasingly stretched as interest rates continue to rise, with interest payments at a 15-year high, according to latest figures from the Council of Mortgage Lengers.
HBF calls on Brown to create housing cabinet minister
The HBF has called on prime minister-to-be Gordon Brown to create a cabinet position for housing.
RTPI brands new housing unit\'s supply crisis summation \"too simple\"
New RTPI has rejected calls by the new government-backed thinktank, the National Housing and Planning Advice Unit (NHPAU), for more land to be released for housing to ease the growing affordability crisis.
Housing market driving growing wealth gap, claims new thinktank
The National Housing and Planning Advice Unit (NHPAU), a government-backed thinktank, has today stolen national press headlines with a stark forecast that by 2026 a quarter of homes will cost ten times the level of average earnings of the poorest quartile of the population.
MPC holds interest rates at 5.5%
The Bank of England’s monetary policy committee has today voted to maintain the base interest rate at 5.5%. This will comfort housebuilders, who are concerned about the potential impact of string of rises on the market.
Spicerhaart calls for HIPs to be scrapped
Spicerhaart has called for home information packs (HIPs) to be scrapped after it has been forced to disband its HIPs provision department, HIPs.co.uk, following the government’s embarrassing climbdown over the packs, which has seen their introduction delayed until August 1, and plans apparently in chaos.
Private housebuilding stagnates in first quarter
Private sector housebuilding levels are stagnating, according to NHBC’s latest quarterly statistics for February to April 2007.
Existing private sector homes\' energy efficiency lag
The nation’s existing private sector homes are less energy efficient than the social housing stock, according to latest statistics from the department for Communities and Local Government (GLG).
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