Taylor Wimpey announced what it described as strong performance during the second half of the year. They went on to comment though that the company had seen “some signs of customer caution” with volumes expected to plateau next year. The comments highlighted that its sales rate for 2018 continued to be “robust” at 0.81 sales per outlet per week. That is the same as the same period in 2017. All three of the company’s divisions experienced “good levels of customer demand”. House Builder

Last year, almost a quarter of a million new dwellings were added to the annual housing supply – an increase of 2% on the same period 2016-17. GOV UK

McCarthy & Stone commented that their legal completions reduced by 7% in the year ending 31st August 2018. This was attributed to demanding market conditions. The retirement housing builder stated that those conditions were “the heavy H2 weighting of first occupations, continuing economic uncertainty coupled with a slower secondary market and a softening of pricing, particularly in the south east, during the second half of the year”. Pre-tax profit reduced 37% to £58.1 million. Underlying operating profit reduced by 30% to £67.5 million. House Builder

The Rt Hon James Brokenshire MP, Communities Secretary, welcomed the increased annual housing supply figures mentioned above. The statement confirms that the increase represented the highest level of new homes delivered across England in all but one of the last 31 years. UK GOV

It is reported that the HS2 project, seen as driving growth and related property development, is seriously over-budget and running late in terms of projections. The over-budget figure is cited as being around “several billion pounds” over the planned 6.6billion budget. An exact impact assessment is awaited. Sunday Times

Foxtons Estate Agents has announced the closure of six London branches in what they term a “challenging” property market. Third-quarter revenue on the sales business side fell to £9.9m from £10.3m for the same period last year. On the plus side, lettings returns were positive, with revenue increasing from £23.1m to £22.5m. For the first nine months of the year, their total revenue stood at £88.1m, reduced from £93.7m. Nic Budden, Foxtons chief executive, commented that it was “a solid quarter in a challenging market”. The Guardian

New build completions are up 6.4% year-on-year, according to official government statistics. House Builder

Reports suggest properties are now taking on average 6 days longer to sell than a year ago in 2017. The report is based on cities and towns and states that it now takes an average of 102 days to sell a property. Daily Mirror

Mark Robinson, Scape Group’s Chief Executive, has criticised the government’s Brexit plans for failing to take into account the construction industry’s comments relating to the need for an exemption from the “skilled worker” requirements for non-UK workers. Building UK

Winvic has been appointed by residential landlords Leicester Lettings to construct 384 rental properties. Based in Northampton, Winvic in the year to January 2018 posted revenues of £485m. Winvic commented that it is targeting a £250m housing turnover by 2020. The new homes will be set over three buildings standing at 10, 14 and 16 storeys on Bath Lane in the city centre. Building UK

Mortgage activity slowed in September, according to some news reports.  A total of 29,400 mortgages were completed for first-time buyers during the month – exactly the same as the number of completed home loans for movers, according to BBC reports relating to the trade body UK Finance. These figures represent a reduction of 4.5% for first-time buyers compared to the same month 12 months ago. Overall it represents an 8.4% reduction in the total of homemover mortgage completions compared to September 2017. BBC

Bovis Homes stated that it remains on target for a “record year” in terms of profits for 2018. House Builder