News
Middle East conflict has helped increase prices by over 5% CLC's materials group warns
1+ hour, 57+ min ago (338+ words) Group says contractors finding it difficult to justify price rises to clients "because of lack of detailed explanation" accompanying increases The war in the Middle East has helped add an extra 5% to the cost of materials, the Construction Leadership Council…...
Crest Nicholson in talks with lenders as firm issues profit warning on back of Middle East conflict
1+ week, 1+ day ago (545+ words) Housebuilder says it is receiving fewer enquiries from would-be buyers Crest Nicholson said it is in discussions with lenders as the firm cut its earnings guidance because of uncertainty caused by the ongoing conflict in Iran. In a trading update…...
Berkeley warns of risk of "further deterioration" in economic conditions due to Iran crisis
1+ mon, 2+ week ago (459+ words) Housebuilder sticks with previous profit guidance in trading update Berkeley has re-affirmed its profit guidance for the year while warning of the risk of "a further deterioration in macro conditions" due to the ongoing crisis in the Middle East. In…...
Higgins increases profit as turnover tops "300m
3+ mon, 3+ week ago (501+ words) Resi specialist says new legislation continues to delay starts Family-owned contractor Higgins stayed in the black last year as the residenitial specialist said turnover jumped by more than half. The Essex-based firm, which had been hit by two successive years…...
Spending review "make or break" for 1. 5 million homes target, influential MP tells Treasury
10+ mon, 3+ week ago (473+ words) Select committee chair raises concern over claims MHCLG will face reduced funding as an "unprotected" department The government will only hit its 1. 5 million homes target if it funds a "generational increase" in social housing, the chair of a select committee…...
Reeves reportedly drawing up plans for "housing bank" and "25bn Affordable Homes Programme
10+ mon, 2+ week ago (610+ words) Homes England to be redesignated as public finance institution to allow it to create financial assets and lower capital costs for developers Rachel Reeves is considering a "25bn, 10-year Affordable Homes Programme (AHP), according to reports ahead of tomorrow's multi-year spending…...
Industry welcomes boost to infrastructure and housing in spending review
10+ mon, 2+ week ago (1702+ words) Views on the impact of the chancellor's capital investment plans from professionals in construction, property and architecture" The construction and housing sectors have broadly welcomed many of the investment commitments made by the chancellor Rachel Reeves, as she promised to'deliver…...