new homes
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Latest property news
Connells says Midlands new homes sales have bounced back
Connells has reported a 12% year-on-year increase in sales for its Midlands new homes division (pictured, right) which, the company says, marks a return to confidence within the region following June’s Brexit vote. Its Land and News Homes team racked up a “staggering” 210 new homes sales between July and September this year. It’s an achievement which, says Regional New Homes Director Donna Smith, has been helped by a “pro-housing government, record low interest rates and competitive mortgage products”. “New homes sales are currently flying across the Midlands and we’re not experiencing any hesitancy from customers in the wake of the referendum decision. “In fact, we’re seeing quite the opposite and with continued lack of supply, new homes continue to perform well and remain much in demand.” Developments which have helped the team deliver such strong results include sites in central Birmingham, Oldbury in the West Midlands and Lichfield in Staffordshire. Also, recent figures from NHBC confirm a national post-Brexit bounce for new homes. Its figures show that the number of newbuilds registered to be built in the UK during August reached 12,500, an increase of 20% compared to the same month last year. These results are a vindication for Connells’…
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Latest property news
Chancellor’s £3 billion new homes promise
The Chancellor Philip Hammond and Communities Secretary Sajid Javid, have announced a £3billion Home Building Fund to provide more homes, more quickly, in, they promise, the places people want to live. The announcement came following Philip Hammond’s key speech at the Conservative conference on Monday 3rd October. As part of the government’s action to tackle the housing deficit and ensure everyone has a secure place to live, the Communities Secretary and the Chancellor said that they are determined to take action and get more homes built. Chancellor Philip Hammond set out the plan to launch a £3 billion Home Building Fund to help to build more than 25,000 new homes during this Parliament and up to 200,000 in the longer term. Note that this isn’t a donation to building homes, the fund will provide loans for small and medium enterprise builders, custom builders, offsite construction and essential infrastructure. Sajid Javid said, “This Government is getting on with the job of building a country that works for everyone. We’ve made great progress fixing the broken housing market we inherited but now is the time to go further. We want to ensure everyone has a safe and secure place to live and that means we’ve got to build…
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Latest property news
New homes orders recover after Brexit
The post-Brexit rise new in new homes orders has been so strong it’s helped the construction sector return to growth despite a decline in commercial non-residential work. Latest figures reveal that the new homes sector has bounced back after four months of declining orders with many buyers reporting increased confidence in the economy as Brexit fears subside. This has led house builders to revise their outlook for business and homes construction and many now have the most optimism in the future since May, just before the Brexit vote. Some 45% of builders surveyed said their output would rise this year while only 9% said it would reduce. The research, which is carried out regularly by Markit/The Chartered Institute of Procurement & Supply (CIPS), says that the increase in housing activity was the strongest recorded since January, with a number of builders citing “resilient demand for residential building work and generally improving market conditions”. “A number of survey respondents noted that Brexit-related anxiety has receded among clients, although it remained a factor behind the ongoing decline in commercial building work,” says Tim Moore, Senior Economist at IHS Markit and author of the report (pictured, left). But David Noble, Group Chief Executive…
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Land & New Homes
More new homes registered to be built
Almost 12,500 new homes were registered to be built in the UK in August according to NHBC’s latest registration statistics, an increase of 20 per cent compared to the same month last year. A total of 12,486 new homes (9,225 private sector; 3,261 public sector) were registered in August, compared to 10,391 (8,385 private sector; 2,006 public sector) 12 months ago. Overall, there were 36,869 new home registrations in the rolling quarter (June 2016 – August 2016), compared to 40,123 in the same period last year, a decrease of 8 per cent. However, during these months, which coincided with the industry caution experienced directly after June’s EU Referendum, several UK regions experienced a notable growth in registrations, compared to 2015, including the North East (+54%), Yorkshire & Humberside (+31 per cent) and the South West (+23 per cent). As the leading warranty and insurance provider for new homes in the UK, NHBC’s registration statistics are a lead indicator of UK house-building activity. For 80 years, NHBC has been committed to driving up quality and raising standards in housebuilding and has approximately 80 per cent market share. Commenting on the latest figures, NHBC Chief Executive Mike Quinton said, “August’s registration statistics show that the…
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Land & New Homes
Footballers’ homes for all… in Luton
Footballers have dreams too. Now, Ferdinand, Zamora and Nobel are making their dreams come true, building 1,300 ‘Footballers’ homes’ for private and social renting. Bobby Zamora (Brighton), Mark Noble (West Ham) and Rio Ferdinand, now retired, may live in luxury now, but they all grew up on London council estates and now they are ‘giving back’ with their new project to build private and social and rented housing. The project has been launched through the Legacy Foundation, the brainchild of Rio Ferdinand, who grew up on a council estate in Peckham, south-east London, and it will work with his youth services foundation. While plenty of other footballers’ homes are glitzy mansions, these three say that they want to help tackle Britain’s housing crisis by building thousands of affordable homes across the country, complete with sporting academies where they will offer coaching to youngsters. Mark Noble, from Canning Town, east London, who started at West Ham aged 13, said, “At first we were thinking 20, 30 homes, but then we realised that wouldn’t make a difference to anyone. We want to make a big difference in housing.” The Kingsland site in Houghton Regis near Luton, will include a creche, a leisure centre with a gym and swimming…
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Features
Brexit
A catchy new word that many thought would be trending today, forgotten tomorrow. My goodness, how wrong we were.
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Features
Promises and projections
Boris is gone and the new Mayor of London, Sadiq Khan, has some very different housing policies. Andrea Kirkby discusses the likelihood of him succeeding where others have failed.
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Latest property news
Housebuilding stalls in March – PMI
Growth in construction of new homes in Britain fell to its lowest level in three years in March, the latest figures show.
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Land & New Homes
Plans for Maine Road approved
Planning consent has been awarded for the construction of 18 new homes on the site of Manchester City’s former home, Maine Road...
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Features
The gloves are off!
The gloves are off as politicians, pundits and business leaders hit us with a barrage of opinion on EU membership. In all the uncertainty, a lull in property transactions is anticipated. Marc Da Silva reports.
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