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New home registrations down 9%
The National House Building Council has announced that new home registrations in the first three months of 2016 have dropped by 9%, from 40,144 in Q1 of 2015 to 36,566 in 2016.
UK construction activity at a three-year low
The dip in new orders and a weaker outlook for the UK economy have been blamed for the stalling of construction activity, with house builders one of the worst-affected groups.
Lack of land set to send prices soaring
A recent report has suggested that house builders are running out of land to build on. With the resulting lack of new housing, prices are expected to soar, as demand outstrips supply.
Housing associations merger
L&Q, The Hyde Group and East Thames are set to merge, creating one of the largest housing associations in the UK, worth an estimated £30bn. As well as saving an estimated £50m a year, the merger will also enable a combined investment of £35bn over the next 10 years, with over half of the new homes built for people on low incomes.
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