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Tag: house building industry

If 2008 was bad for the housing market, 2009 looks much worse

If 2008 was bad for the housing market, 2009 looks much worse

There are plenty of scary figures in the latest forecast from the Council of Mortgage Lenders not least the expectation that half a million homeowners will fall into arrears. The expectation that 75,000 homes will be repossessed by mortgage lenders is pretty scary too, especially as this in practice would mean more repossessions than in previous peak of 1991 when all repossessions are totalled up. But for me the most disturbing prediction within the forecast is that residential property transaction…

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Media plays down housing crisis – 160,000 house building jobs to go

Media plays down housing crisis – 160,000 house building jobs to go

Not a headline you might expect. And let’s hope the house building industry doesn’t shed 160,000 jobs, but it is looking ever more likely. First let’s get one thing out of the way. The media is blamed for hyping the crisis we now find ourselves in. To hold that view is to simultaneously seek to shoot the messenger while keeping your head firmly buried in the sand. The media may get it wrong sometimes. The media may misrepresent complex issues….

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