Taylor Wimpey to write down value of landbank
Volume housebuilder Taylor Wimpey has announced that it is likely to write down the value of its landbank in the UK by £550 million.
Government and industry launch zero carbon hub
OFT posts further positive results for industry
Most new home buyers have suffered only minor defects with their home, whilst housebuilders are not holding onto land to prevent competition, the Office of Fai…
Review of residential property puts customers at centre
The Carsberg review of residential property has called for better protection and information to be available to customers when buying a new build home.
Shareholders question HBOS’s property market exposure
HBOS shareholders are putting pressure on the bank to provide detail about its exposure to the beleaguered housebuilding industry. The bank has a major interes…
Economists expect house prices to bottom out in 2009
A poll of economists from banks, building societies and other industry players found that 44% expected the housing market to bottom out in 2009, with a further…
CPA predicts starts will drop to lowest level in 60 years
The Construction Products Association has forecast that new home starts this year will drop to their lowest level since 1945. It expects 147,000 homes to be st…
Sustainable construction strategy launched
The government and housebuilding industry have launched a new strategy to improve the productivity, efficiency and sustainability of the UK’s construction sect…
81% of new home buyers satisfied - OFT
New home buyers are satisfied with their home and the buying process but after-sales service needs improvement, according to the Office of Fair Trading (OFT) n…
Barratt shares lose 25% of value in a day
Housebuilders’ share prices plunged yesterday as rumours of a rights issue by Barratt sent its share price down by 25%, closing at a new low of 91.5p – less th…
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