Taylor Wimpey sees 96% profit drop
Taylor Wimpey’s profits have plunged 96%, the housebuilder revealed in its half year trading statement to 30 June.
Bovis profits plummet 84%
Bovis Homes Group’s trading update for the six months ending 30 June, gives further evidence of the collapse in the housebuilding market, with the housebuilder…
Persimmon’s profits dramatically down
Persimmon’s half year results to June 30 have added to the gloom of the market, with pre-tax profits down 64% on the first half of last year and legal completi…
Land values falling sharper than housing market – Savills
Residential land values are falling at a steeper rate than the housing market, a Savills survey has revealed.
NHMB pushes for first time buyer scheme
The New Homes Marketing Board (NHMB) is urging government to set up a national home deposit savings scheme, allowing first time buyers to save for a deposit, l…
HBOS to slash staff and mortgage products
Following its failed £4 billion rights issue, the UK’s biggest mortgage lender, HBOS, plans to shed 425 jobs – 325 of which will be in the mortgage divisions –…
Bellway reports reservations almost halved
Bellway’s trading update for the year to July 31 shows the severe impact of the market downturn, with reservations down 45% during the second half, and sales d…
Arrears and repossession cases rise – CML
The number of mortgage arrears and possession cases rose in the first half of this year, according to Council of Mortgage Lenders (CML) data.
Mortgage approval rate falls 60% - Halifax/BoE
The number of mortgage approvals used to buy houses has fallen 60%, Halifax revealed in its latest house price index
Lovell helps Morgan Sindall results
Affordable housing provider Lovell has contributed to the positive half-year results that its parent company, the construction and regeneration group Morgan Si…
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