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Tag: house builders

House building figures show huge jump in starts and completions

House building figures show huge jump in starts and completions

There were two big boosts in the numbers released today for house builders. First, the latest Government data on homes built in England are by far the best for more than a year with a massive leap in the quarter to June. Second, gross mortgage lending in July was up 26% on June, according to the Council of Mortgage Lenders. These figures suggest a continued and reasonably strong improvement in both the housing market and in house building.

Job vacancies in construction drop to decade low

Job vacancies in construction drop to decade low

The latest jobless figures showing a leap of 81,000 people unemployed over the past quarter will come as little surprise to most people in the construction industry. They are seeing life getting tougher by the day, especially those with any links to house building. The major house builders have axed about 40% of their direct workforce and for each of them roughly five others lose their work. Against this background it is no shock that the figure put on the…

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A bad time for house prices to go negative

A bad time for house prices to go negative

Nationwide released its latest house price figures today showing the a 1.1 per cent rise over the past 12 months. However, it also revised its forecast for 2008 down from no change to an overall fall. This will please neither estate agents nor house builders as they put Easter behind them and set themselves ready for the big seasonal sales push. But the blow to their sales teams may come next week with the release of the HBOS (Halifax) price…

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