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Some 45,649 new homes were completed in the rental and affordable sector, up 10% on 2022 and the highest figure ever recorded by National House Building Council (NHBC). In contrast, private sector completions were down 20%. Figures released by the NHBC, the UK’s largest provider of new home warranties and insurance,
UK house builder Crest Nicholson has reported a major reduction in profits, with adjusted pre-tax profit £41.4m in the year to the end of October, down from £137.8m a year earlier. Crest Nicholson’s revenue plummeted by more than a quarter (28%) to £657.5m, which the firm said reflected “weakness in the housing
UK housebuilder Persimmon reveals it delivered a total of 1,439 homes in the third quarter, compared to 2,270 homes in the third quarter of 2022 – down 37% year on year. The group's private selling price on completions was up 2% in the quarter on the prior year at £296,822. Persimmon Group chief executive Dean Finch
Barratt Developments, the UK’s largest housebuilder has reported a fall in house sales and annual profits in what has been a challenging year for all names in the housebuilding sector. The company recorded a 16% fall in adjusted pre-tax profit to £884.3m. Forward sales, which measure housing demand, were down 36%
The government is announcing changes water pollution rules in an effort to boost UK housebuilding numbers. Under the new plans, it will become easier to build new homes near protected waterways with the government insisting any environmental damage being "more than offset" by additional funding for water improvement.