No housebuilders believe Starmer will hit target of building 1.5m homes
2 months, 1 week ago

No housebuilders believe Starmer will hit target of building 1.5m homes

The Telegraph  

Almost no housebuilders believe Sir Keir Starmer will reach his target of building 1.5m homes in the next five years, a new survey has found. Just 2pc of housebuilders are confident of the sector’s ability to meet the Government’s pledge to deliver at least 300,000 homes per year, according to findings from Knight Frank’s upcoming land index and housebuilder survey. Despite predictions of an uptick in new home sales later this year, which would herald a boost for development, Knight Frank said the research reveals “significant concerns” about the sector’s ability to meet the country’s housing demand. Anna Ward, associate in residential development research at Knight Frank, said the survey “highlights a significant disparity between the perceived capacity of the housebuilding sector and the demand for new homes in England over the next five years”.

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Developers, investors commit to 100,000 new homes plan
1 week, 4 days ago

Developers, investors commit to 100,000 new homes plan

Dutch News  

Housing minister Mona Keijzer, housing corporations, developers and investors have signed an agreement aimed at speeding up the construction of new housing and meeting government targets of 100,000 new homes a year. Keijzer is continuing the previous government’s commitment to build 100,000 new homes a year, of which 66% will be affordable rentals or owner occupier properties with a price …

Starmer’s housebuilding plans look great on paper – but there are (several) reasons why builders say they won’t work
5 months ago

Starmer’s housebuilding plans look great on paper – but there are (several) reasons why builders say they won’t work

The Independent  

Negotiating the London traffic on Wednesday night was a particular nightmare. We’d asked for his thoughts on one of the most eye-catching measures of all: the pledge to build 1.5 million new homes during this parliament. This parliament will last five years, so that’s 300,000 new homes a year. Yet the government says 300 more will be recruited, and they …

90,000 extra construction workers needed for goal of 1.2 million new homes, industry says
9 months ago

90,000 extra construction workers needed for goal of 1.2 million new homes, industry says

ABC  

In short: The government's goal of building 1.2 million new well-located homes in the next five years begins mid-year. The government's goal of building 1.2 million new well-located homes in the next five years begins mid-year. The construction industry has warned the federal government's goal of building 1.2 million new well-located homes in the next five years will begin on …

US new home construction surged last month, as mortgage rates stayed high
9 months ago

US new home construction surged last month, as mortgage rates stayed high

CNN  

Washington, DC CNN — Amid a housing shortage and an affordability crisis, US homebuilding heated up in February as builders anticipate demand for new homes to stay strong. “Lower mortgage rates are likely to bring buyers to the market in larger numbers, and builders are ramping up supply to meet this demand,” said Kelly Mangold of RCLCO Real Estate Consulting, …

Why Britain’s housebuilding slump is about to get much worse
9 months, 3 weeks ago

Why Britain’s housebuilding slump is about to get much worse

The Telegraph  

A damning report into the health of Britain’s housebuilding sector pulled no punches on Monday, as the competition watchdog raised concerns over decades of failure. The list of criticisms directed towards developers was wide-ranging, as the Competition and Markets Authority attacked shoddily built properties, excessive fees and inescapable management schemes. In an unusual move, the CMA called for “fundamental interventions …

Politicians urged to tackle housing crisis by builders in £2.5bn takeover
10 months, 2 weeks ago

Politicians urged to tackle housing crisis by builders in £2.5bn takeover

The Telegraph  

The biggest property developer in Britain has urged politicians tackle the house building crisis as it unveiled a £2.5bn takeover of a rival. Barratt Developments, the country’s largest housebuilder, announced plans to buy competitor Redrow in a deal that will allow the combined company to build around 22,000 homes each year. Asked if he was concerned that politicians were doing …

Government’s new homes target must rise to hit international benchmark
1 year, 2 months ago

Government’s new homes target must rise to hit international benchmark

The Telegraph  

New homes must be built in even greater numbers than the current target of 300,000 per year if England is to catch up with comparable countries, ministers have been warned. The Government is currently falling short of its own target by around 80,000 new dwellings per year, but if it wants to catch up with the availability of homes in …

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