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New Home Registrations Fell 42% for Q2 2023

NEW FIGURES from National House Building Council (NHBC) show new home registrations fell by 42% in Q2 2023 compared to the same period last year, with completions falling by 11%. A total of 38,044 new homes were registered by house builders and developers in the months of April, May and June, compared to 65,645 in Q2

New home registrations nosedive 42%

Latest new home registration figures have pointed to the true extent of the slowdown in building activity as interest rates hit a 15-year high. All new home registrations plunged 42% in the second quarter compared to the same period last year, with completions falling by 11%. Private home registration collapsed by just over half on

Haydon M&E files administration notice

Haydon Mechanical & Electrical has filed a notice of intention to appoint an administrator. Latest results for the London based M&E specialist show it had a turnover of £66.2m for the year to December 31 2021 generating a pre-tax loss of £6.2m. Haydon entered a Corporate Voluntary Arrangement with its creditors in August 2022 following

Severfield chief operations boss to exit

Severfield chief operations officer Ian Cochrane is leaving the steelwork contractor after 10 years on the board. This morning Severfield announced Cochrane would be leaving the firm at the end of September to pursue other interests. His role as COO will not be replaced with his duties re-assigned to other executive directors and members of

RG Group to start £100m Docklands tower job

Developer Olympian Homes will start site clearance in weeks on a 46 storey co-living homes tower on the Isle of Dogs in London Docklands. The developer is pressing ahead with the project after concluding a S106 deal that includes a £48m payment for Tower Hamlets Borough Council to spend on affordable housing. Once transacted, this

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