The Confederation of British Industry (CBI) has announced today that it will be enhancing the role that it undertakes on behalf of the construction industry. More »
In a surprise move for the markets, Barratt Homes’ shares have risen by 17% after the firm confirmed it is close to completing a refinancing package. More »
The economic and housing downturn, which has led to a significant fall in consumer demand and completions of house sales, is having a detrimental affect on the housebuilding sector, with thousands of jobs being cut. More »
Banks have ordered Taylor Wimpey to sell its construction arm - Taylor Woodrow, after the company failed to raise emergency funding to the tune of £500m this week. More »
Taylor Wimpey has announced the departure of its finance director, Peter Johnson, after failing to secure capital from shareholders and potential new investors. The company has now admitted that it could breach banking covenants unless the housing markert recovers. More »
Housebuilders’ ultimate objective should be to create communities that are sustainable and desirable for people to reside, rather than just focus on erecting residential developments, particularly in the Capital, according to Deputy Mayor of London, Richard Barnes. More »
Property sales fell for the ninth month in a row, while the volume of transactions are now at their lowest level for over thirty years, according to the latest Hometrack survey. More »
The government should bypass eco-towns in favour of increasing the size of London, Oxford and Cambridge to stimulate economic development, believes right-wing think tank Policy Exchange. More »
