housing-market
FinanceLack of Homes for Sale Gives UK House Prices a Surprise Boost -Nationwide
Top StoriesHigh Inflation and Slowdown Signs: The BoE’s Tough Trade-Off
Top StoriesTravis Perkins Shares Sink as Weak Housing Market Prompts Profit Warning
Top StoriesBritish Home Prices to Fall 4% in 2023 as Borrowing Costs Bite – Reuters Poll
UK Stocks at 6-week Low as Crest Nicholson Leads Rout Among Housebuilders
Date: August 21, 2023
UK stocks at 6-week low as Crest Nicholson leads rout among housebuilders By Shreyashi Sanyal and Shubham Batra (Reuters) -UK stocks closed at a six-week low on Monday as a profit warning by homebuilder Crest Nicholson dented the outlook for the sector, dragging the housing index to its biggest monthly fall since September. The blue-chip...
UK House Prices Rise by Least Since 2020 and Fall in London – Ons
Date: August 16, 2023
UK house prices rise by least since 2020 and fall in London – ONS LONDON (Reuters) – British house prices increased by 1.7% in the 12 months to June, the Office for National Statistics (ONS) said on Wednesday, the smallest rise since July 2020. House prices in London fell by 0.6%, the ONS said. Britain’s...
Taylor Wimpey Expects Full-Year Profits to Halve Amid Housing Gloom
Date: August 2, 2023
Taylor Wimpey expects full-year profits to halve amid housing gloom By Suban Abdulla and Aby Jose Koilparambil LONDON (Reuters) -Taylor Wimpey’s pledge to build more homes than previously forecast boosted the British housebuilder’s shares on Wednesday even though it expects annual operating profits to halve in its current year amid wider housing market stress. Britain’s...
UK House Prices Post Biggest Annual Drop Since 2011: Halifax
Date: July 7, 2023
UK house prices post biggest annual drop since 2011: Halifax By Andy Bruce LONDON (Reuters) -British house prices fell last month in annual terms at the fastest rate in 12 years and soaring interest rates are likely to herald more weakness in the housing market, mortgage lender Halifax said on Friday. House prices dropped 2.6%...
UK’s Berkeley Forecasts 20% Drop in House Sales as Interest Rates Rises Weigh
Date: June 21, 2023
UK’s Berkeley forecasts 20% drop in house sales as interest rates rises weigh By Suban Abdulla and Aby Jose Koilparambil (Reuters) -British high-end housebuilder Berkeley on Wednesday forecast a 20% drop in sales for the fiscal year that began on May 1, as demand suffers from rising interest rates and tough trading conditions due to...
Travis Perkins Warns on Profit in Sign of UK Housing Market Difficulty
Date: June 16, 2023
Travis Perkins warns on profit in sign of UK housing market difficulty LONDON (Reuters) -Travis Perkins, Britain’s biggest supplier of building materials, warned profit would be hit by difficulties in the country’s housing market in one of the latest warning signs that rising interest rates are beginning to be felt by consumers. Travis said that...