The National Housebuilders Federation’s (NHBC) latest statistics indicate the biggest number of new registrations since 2007 during the quarter April to June this year when a total of 43,438 new homes were registered – a 12% increase over the same quarter last year. Housebuilder.
A joint press release by London’s councils has called for a major boost in government funding to replicate the historic Addison Act of 100 years ago that set the foundations for publicly funded council housing – at a time when roughly 250,000 Londoners are on housing waiting lists, where they remain for up to 25 years. London Councils.
Following the evacuation of more than 1,500 homes at risk from a failure of the dam at Whaley Bridge in Derbyshire, questions are being asked about the safety of the other 2,000 or so dams in England and Wales – and the jeopardy faced by many thousands of houses built below dams. BBC.
Complaints are being aired about potentially millions of pounds of Welsh taxpayers’ money being used to subsidise major companies which subsequently go bankrupt –such as construction giants Dawnus, building companies GM Jones, the Cuddy group GM Jones, Jistcourt, Tidal Energy Ltd, and others. Wales Online.
The challenging state of the housing market across London has forced a number of large housing associations to revise downwards or delay their current plans for new housing development. To date, Notting Hill Genesis, Clarion, Optivo, and L&Q have all announced such revisions. Inside Housing.
Countryside Properties is to invest some £12 million in two more factories – in the South East and the Midlands – to step up its offsite production of modular homes and aiming to achieve an annual target of 7,500 such units within the next four years. Building.
A2Dominion – a social housing provider of 37,248 homes in London and the south of England – reports a surplus of £23.9 million in the financial year 2018-19, which is down some 74% from the £92.5 million recorded last year. The reduced surplus is attributed to a significant escalation in operating costs. Inside Housing.
Despite government threats to exclude from further public contracts construction companies who are persistently late in paying their suppliers, only a few are meeting the target of settling those outstanding accounts within 60 days. Building.
Builders Kier have been awarded contracts worth a total of £5 billion within the London Construction Programme (LCP) Major Works 2019 Framework – an initiative run by Haringey Council – which includes the development of housing and residential schemes, education and leisure, and heritage and historical sites. Kier.
Social housing providers Hyde – responsible for some 50,000 homes across Greater London – has reported a significant shift towards sale rather than rental of its housing stock, with income from those sales growing from £74 million last year to a current £250.4 million, or a massive increase of 238%. Inside Housing.
In the year ending this June, a total of 255,000 Energy Performance Certificates (EPCs) were issued for new homes and conversions – an increase of 9% on the previous year and a record number since records began in 11 years ago. Gov.UK.
Taylor Wimpey – the country’s second-largest housebuilder – has seen a fall in operating profits down to 18% in the first half of this year compared to the 22% it achieved over the whole of 2018. Increased housebuilding costs are to blame, says the company. Building.
Following its recent acquisition of YourLife Management Services Limited (YLMS), developers McCarthy & Stone will directly provide total care services in a move it describes as a transformation from simple housebuilder to developer, manager and owner of retirement communities. Housebuilder.
Construction support services company Amey – a subsidiary of the Spanish Ferrovial group – has reported a staggering £428 million pre-tax loss on last year’s turnover of some £2.3 billion, as a private equity company is eyeing its takeover. Building.
Coinciding with its launch of a major consultation exercise on the future of housing development in the borough, Enfield Council has called for government support for its plans to construct 3,500 “genuinely affordable” council houses between now and 2029. Housing Today.
Construction companies Wates, Kier, Beard and Morgan Sindall have all won a share in Hampshire County Council’s £200 million intermediate construction framework. Building.