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...And the National Association of Home Builders reported today that homebuilder confidence made a surprise rebound this month....
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...As Jennifer Hughes pointed out (“Used cars and builders defy year’s early assumptions”, On Wall Street, December 30) one of the biggest surprises of 2023 was how house prices reached new records in the US...
...The National Association of Home Builders’ housing market index rose 7 points to 44 in January, its highest level since September....
...But recent experience suggests that price differences eventually help even out supply and demand....
...The Home Builders Federation declined to comment on the probe....
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...But their share of the mortgage market, put at 2.6 per cent last year by consultants Baringa, is limited by what partner Emily Farrimond describes as “a lack of government policy, consumer awareness and supply...
...European natural gas prices jumped after workers at LNG facilities in Australia, a key liquefied natural gas exporter, began strike action, fuelling fears of disruption to global supplies....
...The debate du jour was an all-share approach by the country’s biggest builder, Barratt Developments, for Redrow. Deal terms valued the smaller company’s equity at £2.5bn....
...The Home Builders Federation, a trade body, warned that “an increasingly anti-development policy environment and worsening economy will see the number of homes built in the coming years fall to record low...
...Surging inflation, supply-chain problems and shortages of workers, particularly in construction, led to delays and spiralling costs....
...New York is seeing a blend of longer but less frequent commutes — the longer distance Amtrack rail usage has surpassed pre-pandemic levels, while other metro systems have not....
...Metro Bank has struck a financing deal with investors after a weekend of negotiations that should give the UK challenger bank some breathing space....
...This points to a worsening supply squeeze....
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...Addressing skills shortages, supply chain challenges, and competition in the construction sector is crucial....
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