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Credit crunch sends industry “off a cliff”

“Overwhelming global forces” have swamped the housing market, leaving prime minister Gordon Brown little room to manoeuvre and posing a grave threat to the w…

Drop in housing starts a “wake-up call”

Declining production forces mass job cuts

Peter Redfern heads up Taylor Wimpey’s UK and US divisions following Ian Sutcliffe’s resignation

Lenders can sustain a 20% drop in house prices – Moody’s

UK banks and building societies could sustain a 20% fall in UK house prices in a year without further damaging their capital reserves, a report has claimed.

House prices falling but borrowers better off than in ‘90s – Nationwide

House prices fell by 2.5% in May, but borrowers are better placed “to weather the storm” than in the 1990s, according to Nationwide.

Mortgage approvals up but still down from last year – BBA

The number of mortgage deals approved in April rose slightly from March, but the number was significantly down on last April’s statistics, the British Bankers …

Property owners return to rental market - RICS

Property owners are returning to the rental market in the face of housing market turbulence with rental experiencing rising yields, the Royal Institution of Ch…

Wolseley to shed staff following profit fall

Wolseley has announced it will cut jobs in the UK in response to the downturn.

Industry must adapt to market – Sir Bob Kerslake

The industry’s key test during the current downturn will be its ability to adapt to the changing market, Sir Bob Kerslake, chief executive designate of the Hom…

Technical “tsar” needed to speed up planning

A technical “tsar” is needed for the new Homes and Communities Agency (HCA) in order to speed up the planning process, it has been proposed.