builders
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Housing Market
£100m funding boost for house builders
The Government has pledged to match the £50 million promised by Lloyds Banking Group in October to help increase the supply of needed new homes across the country, the Housing Minister Brandon Lewis (left) announced this week. The Housing Growth Partnership will act as a dedicated initiative alongside small builders to invest in new developments, with the ultimate aim of increasing housing supply. The latest house building data reveal that housing starts are now at a seven-year high and climbing, while the volume of homes granted planning consent has reached 261,000 – the highest since 2007. But to help “maintain this momentum and keep the country building”, Lewis said that the Government recognised that greater investment in the sector is needed. He commented, “The 2008 economic crash devastated our army of small builders, with delivery falling from 44,000 homes to just 18,000 – seven years on, companies are getting back on their feet but we’re determined to give them all the help they need.” Lloyds Banking Group said that it welcomed the Government’s announcement of support for the housing growth partnership, which will double the capability to support SME house builders. Andrew Bester, Group Director and Chief Executive, commercial banking…
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Uncategorised
Buzzing builders and buyers
REPORT HEADLINES Rightmove: “House prices close to all-time high – will ‘granlords’ drive them higher?” Home.co.uk: “Home prices take a spring leap.” NAEA: “A third of all house sales made to first time buyers.” RICS: “Steadier demand and tight supply push price expectations higher.” Halifax: “House prices in the three months to March were 2.6 per cent higher than in the previous three months.” Agency Express: “Confidence continues.” Land Registry: “The February data shows a monthly price increase of 0.5 per cent.” Kate says: “It’s great to see that we have a much healthier market in 2015. Although most places are still stuck with a shortage of homes, especially versus the number of agents fighting for business, we have a market that is moving, but not ‘too fast’ and not ‘too slow’ at the moment. And better still, it’s being driven mostly by first time buyers getting themselves on the ladder, relieving some of the pressure on rental stock (or mum and dad’s house!). The other good news is that it is driving more sales of new builds. I haven’t seen so many new build sites buzzing with activity as I travel up and down the country since the start…
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Features
Rebuilding Britain – or another quick bodge job?
The builders are thrilled but the NewBuy scheme has received a lukewarm reaction from the property industry.
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