Homebuilding

UK Government Sets Ambitious Plan to Overhaul Housing Strategy

15 days ago

The UK government has announced a comprehensive overhaul of its planning system, aiming to accelerate house-building across the nation. The initiative comes as part of a broader strategy designed to meet housing targets that have consistently fallen short in recent years. By streamlining the bureaucratic processes involved in planning permissions, the government seeks to facilitate more housing developments and respond to the growing demand for affordable homes.

D.R. Horton Hits Builders Hard as Prospective Homebuyers Worry About Soaring Interest Rates

2 months ago

In a challenging climate for the housing market, D.R. Horton, the largest homebuilder in the United States, has unveiled its disappointing quarterly results, which reveal the harsh realities facing builders today. The company's staggering drop in demand amidst rising interest rates has sent ripples throughout the industry, leaving homebuilders scrambling to navigate a market rife with uncertainty.

UK's Ambitious Housing Target at Risk Due to Labor Shortages, Warns RBC

2 months ago

The United Kingdom's ambitious goal of constructing 1.5 million homes by the end of the decade is under severe threat, according to a recent report from RBC Capital Markets. The analysis points to an acute labor shortage in the construction sector as a primary obstacle that may hinder this target.