Bovis warns over weak mortgage volumes January 14, 2011 Bovis Homes expects full-year profit to come ahead of estimates on higher selling prices and plans to restart dividends, but the housebuilder warned of a subdued year ahead. “Mortgage approval volumes remain weak, with mortgage providers requiring high levels of deposit, particularly from first time buyers,” the company said in a statement. British homebuilders are [...]
Bovis warns over weak mortgage volumes January 14, 2011 Bovis Homes expects full-year profit to come ahead of estimates on higher selling prices and plans to restart dividends, but the housebuilder warned of a subdued year ahead. “Mortgage approval volumes remain weak, with mortgage providers requiring high levels of deposit, particularly from first time buyers,” the company said in a statement. British homebuilders are [...]
The UK’s largest housebuilder says the road to recovery will be long December 19, 2010 PERSIMMON chief executive Mike Farley is not looking for a magic bullet. The boss of the country’s largest housebuilder is clear that the sector has endured its worst slump since World War Two and faces at least a two-year road to recovery. The industry tends to listen when Farley speaks. Not just because he runs [...]
Builder of the Gherkin to move into house market December 9, 2010 NORDIC building firm Skanska launched a UK housebuilding arm yesterday in an effort to cash in on what it sees as a gap in supply. The builder of the Gherkin and Heron Tower skyscrapers said it hopes to sell 800 homes a year by 2015. “The financial crisis and the dramatic decline in the housing [...]
Builder of the Gherkin to move into house market December 9, 2010 NORDIC building firm Skanska launched a UK housebuilding arm yesterday in an effort to cash in on what it sees as a gap in supply. The builder of the Gherkin and Heron Tower skyscrapers said it hopes to sell 800 homes a year by 2015. “The financial crisis and the dramatic decline in the housing [...]
Persimmon wary as UK housing market struggles November 15, 2010 HOUSEBUILDER Persimmon warned yesterday that the housing market remained flat throughout autumn, with a lack of available mortgages and mounting consumer worries stunting sales. Persimmon, which posted a 27 per cent jump in annual revenue in August, said it has reached sales targets for the year and has homes worth £460m reserved for 2011. However, [...]
Persimmon wary as UK housing market struggles November 15, 2010 HOUSEBUILDER Persimmon warned yesterday that the housing market remained flat throughout autumn, with a lack of available mortgages and mounting consumer worries stunting sales. Persimmon, which posted a 27 per cent jump in annual revenue in August, said it has reached sales targets for the year and has homes worth £460m reserved for 2011. However, [...]
Persimmon to pay dividend on sales rise August 24, 2010 HOUSEBUILDER Persimmon resumed interim dividend payments on the back of a return to pre-tax profit yesterday, while the chief executive remained confident the firm can ride out turbulence in the market. “We are 95 per cent sold up on our targets for the year, so I’m reasonably happy about our position,” said chief executive Mike [...]
Barratt beats forecasts but warns of dip September 8, 2010 HOUSEBUILDER Barratt Developments said concerns about the economy and the lack of mortgage finance meant the market for new housing was still challenging as it reported better-than-expected full-year profits. “It’s early days in the autumn-selling season but so far private reservation rates are in line with expectations and prices are holding up,” chief executive Mark [...]
Persimmon sees house sales rise July 6, 2010 HOUSEBUILDER Persimmon said total house sales and completions rose in the first half, despite slipping in recent months on election and budget uncertainty. The company, the UK’s largest housebuilder by market value, said legal completions in the first half increased by 16 per cent to 4,657 homes year-on-year, with the average selling price rising by [...]