Speaking at the Housing Market Intelligence Conference in London, Lord Deben warned the building industry there is no way of its escaping much tougher standards as the government strives to meet its declared climate change targets. Implementation of those standards may inevitably result in higher house prices, but these would fall in time. House Builder.
Evidence of a slowdown in Britain’s housing market is shown by the lowest number of homes coming onto the market since 2016. The reluctance of homeowners putting their homes up for sale at the moment is blamed on uncertainties over Brexit. Reuters.
Output in the construction industry is stagnating, according to the latest figures released by the Office for National Statistics (ONS). The availability of new work fell by 0.2% in August compared to the previous month, and output increased by only 0.1% in the three months to August. Building.
The latest research suggests that local councils intend to step up housebuilding by as much as four times the present rate over the next five years. In that period, they are hoping to deliver as many as 80,000 new homes. Inside Housing.
A steep rise in cheap Treasury loans – finance from the public works loan board (PWLB) – threatens to scupper plans to build more social housing. Councils complain that the surprise 1% increase in PWLB borrowing rates will mean fewer council houses are built and the maintenance of roads, schools and waste disposal facilities will suffer. Guardian.
Since a trial scheme was launched in the Midlands over a year ago, only ten housing association tenants have bought homes under a new type of Voluntary Right to Buy (VRTB) scheme. “Portability” allows existing tenants to purchase a home in which they are not currently living but which is intended for social housing. Inside Housing.
Claims amounting to almost £20m have been filed against the Cheshire-based construction company Pochin Construction for non-performance. The claims relate to projects the company were working on, but which came to an abrupt halt when the firm went bust in August. Building.
The latest official statistics reveal that there is still a total of 321 high-rise buildings with aluminium composite material (ACM) cladding awaiting remedial action. 97 of them are in the social housing sector, and a further 168 are privately owned. Gov.UK.
Sovereign Housing Association looks as though it has finally found a permanent chief financial officer – at the third time of asking. Chartered accountant Tracey Barnes takes up the post on the 21st of October – becoming the third person to assume the role in the space of a year. Inside Housing.
Minister for Housing Esther McVey has been confirmed as the keynote speaker at the Homes UK conference to be held on the 27th and 28th of November at London’s ExCeL centre. She joins 150 other speakers so far confirmed for the event. Homes UK.
Housebuilders Sisk Homes has been appointed by housing association Peabody to complete the £87m second phase to regenerate the St John’s Hill Estate in London’s Clapham Junction. The whole regeneration project will increase the number of homes from the present 353 to 599. Building.
It is a fallacy to rely on the cross-subsidy of private housing sales to support social housing development, says a group director of developer L&Q. The only viable alternative to that failed model, it is argued, is grant funding from the government for the delivery of social housing needs. Inside Housing.
Piers White has been appointed the new chairman of the Building Research Establishment (BRE). White’s 30-year career has seen him in several senior positions in the construction industry, including ten years’ as a non-executive director of housing association Hyde Housing. PBC Today.