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...The Home Builders Federation trade body said 60 local authorities had paused or withdrawn their local plans since the prospect of changes to the NPPF was first raised in late 2022....
...The uncertainty among builders leaves the future of towns betting on an industrial revival from the sector up in the air....
...In Germany, a more fragmented market means smaller and less resilient builders. That means consolidation is coming, with opportunities for distressed investors....
...The builder’s distress recalls a liquidity crunch in 2022 triggered by the default of a Legoland theme park developer that pushed some corporate borrowing costs to the highest level in more than a decade...
...Recently, several developers including Bellway have started to offer a scheme where the builder pays 3-5 per cent of the purchase price to the mortgage lender to subsidise a much lower interest rate for...
...The Home Builders Federation declined to comment on the probe....
...On Monday, a Hong Kong court ordered the company, once the country’s largest builder by sales, to be liquidated. The effect will spread far beyond Evergrande’s creditors....
...It also has invested in other AI start-ups, including French developer Mistral. It has been rolling out an AI assistant in its products such as Windows, Office software and cyber security tools....
...Sekisui, which also owns builders Woodside Homes, Holt Homes and Chesmar Homes, said it would become the fifth-biggest US home builder....
...England’s housebuilding jumped in the second quarter as builders brought forward projects to avoid new regulatory standards relating to energy performance....
...the 69-room Maybourne Riviera, which hangs on the side of a cliff overlooking the Côte d’Azur, and the subterranean five-floor extension of Claridge’s, for which he enlisted Irish miners when traditional builders...
...Homebuilder confidence this month dropped to its lowest level since January as higher rates drove some buyers away and raised construction costs, the National Association of Home Builders said....
...Developers are blamed for “land banking” — buying land and holding on to it until its value rises....
...Housebuilding in England jumped in the second quarter of 2023 as builders fast-tracked projects to avoid tougher energy performance standards, according to official data published on Thursday....
...Today’s top stories The UK failed to attract offshore wind developers to its latest round of contracts for new projects, in a blow to the country’s decarbonisation plans....
...Ifo said tougher energy efficiency regulations had also reduced government subsidies for builders....
...Shares in the Asian financial hub’s five largest builders had surged in December and January as local home prices rose and global investors bet on a robust rebound in Chinese growth....
...However, he warned that labour costs could remain a pressure for builders. “Wage inflation will present a challenge and need offsetting,” in 2024, he said....
...Liabilities across the sector stood at 87 per cent of assets at the end of June, compared with asset-to-liabilities ratios of 69 per cent for the Chinese state-owned builders and 41 per cent for the Hong...
...But Steve Turner, director of communications at the Home Builders Federation, which represents private developers, argues land banking is a logical response to an unpredictable process....
...Dozens of major builders have commitment remediation funds under agreements with the government....
...Marc Vlessing, chief executive of Pocket Living, a smaller developer, said Starmer’s “pro-builder speech” had contrasted “rather sharply” with that of Labour’s deputy leader Angela Rayner earlier in the...
...At its two-day retreat in Meseberg palace last week, Scholz’s cabinet passed a €7bn package of corporate tax relief that included new rules on the depreciation of investment costs for builders....
...More recently, they have intentionally become builders of ecosystems, offering land and service providers. Then, investors come along.”...
...David O’Leary, executive director at the Home Builders Federation, said it was a “perfect storm” for the sector....
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