Glenigan predicts bleak 2009 for construction starts
Construction starts hit a two year low in December, with residential activity down 23% compared to the previous year, according to the January Glenigan Index.
Persimmon\'s turnover plummets 40%
Persimmon’s legal completions dropped by a third, with turnover plummeting 40%, the volume housebuilder has stated as part of its trading update for the year ended 31 December 2008.
NFB to exit Construction Confederation
The National Federation of Builders (NFB) is to leave the Construction Confederation at the end of 2009.
Bovis sells off unsold stock in biggest deal to date
Bovis Homes has put forward its unsold housing stock to be used as affordable housing in the largest deal to date through the government’s national clearing house, as part of the government’s drive to provide more affordable homes and support the ailing housing industry
Construction activity falls to record low - PMI
The extent of the construction slump has been made clear, with the latest Construction Purchasing Managers’ Index (PMI) falling to a new low.
House prices plummet 15.9% and \"bumpy ride\" predicted - Nationwide
House prices fell by a total of 15.9% in 2008, Nationwide has reported.
Home owners become \"reluctant landlords\" - LV=
Home owners are resorting to renting their properties instead of selling them as the housing market slump continues, LV= Home Insurance has said.
Hometrack shows 0.9% house price fall in December
House prices in December dipped 0.9% bringing the total house price fall over 2008 to 8.7%, Hometrack’s latest national housing market survey revealed.
TW to reach debt agreement by year end
Taylor Wimpey has said that it expects to reach an agreement with lenders over its debt covenants before the end of the year.
Hometrack casts predictions for housing and mortgage markets
Hometrack has made its predictions for the housing mortgage markets into the new year and beyond, noting that there are many ways that the economy could turn in terms of growth, inflation and borrowing that could “result in very different outcomes for the housing market.”
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