The new Housing Minister Robert Jenrick has pledged to carry further the crackdown on the leasehold sale of new homes. This follows concerns about high ground rents, the charges made for repairs and maintenance, and, difficulties faced by homeowners who want to sell. Tougher rules are likely to increase pressures on housebuilders. Mail on Sunday.
Housebuilding has slowed to the extent that 9% fewer were completed in July than the same month last year. A total of 14,262 completions were registered with the National Housebuilding Council (NHBC) – 10,398 sold in the private sector and 3,864 affordable houses. Average monthly totals taken over the whole year, however, still show an increase over recent years. 24 Housing.
At least one major housebuilder – Redrow – has expressed concerns about the impact and aftermath of the scheduled ending of the Help to Buy scheme in 2023. The impact is likely to be most felt in London, where uptake of the scheme has recently been most buoyant. Property Reporter.
More than 5 million of those aged 65 or more want the government to make it easier to downsize – whether through relief from the payment of Stamp Duty, the building of more housing for those in later life or, planning permission for the building of more bungalows. Housebuilder.
Political uncertainty and the delay in reaching a deal on Brexit are blamed for the biggest slump in the construction industry in a decade. New research shows that new orders in the building sector are at their lowest since 2009. CityAM.
Local councils have been told by the Ministry of Housing, Communities and Local Government (MHCLG) that they must reveal the amount they have received from developers under community infrastructure levies (CILs). This is so that residents understand just how much is being spent on essential infrastructure such as schools and roads. Housing Today
In a move to improve fire safety standards in all buildings, the government is considering new rules requiring sprinklers to be fitted in any new building taller than 18 metres as opposed to the current limit of 30 metres and above. The proposals are currently out to consultation. Housing Today.
Although they may be earning as much as £30,000, only 2% of those earners currently in private rented accommodation are able to buy a home with the support of the government’s Help to Buy scheme. Some 2.78 million people earning £30,000 or less live in private rented accommodation, but only 4,142 of them have been able to buy a home through the Help to Buy scheme. Inside Housing.
Barratt Developments seem to be bucking the trend in an increasing struggling housebuilding industry thanks to financial successes that have seen its share price increase by nearly 20% – to 632.4p – during the past year. Daily Mail.