Europe New Housing Market

Varied evidence and opinion on UK housing market.

The United Kingdom's house builders have been announcing their preliminary results for the 2007 financial year in which the majors produced about 10% fewer homes than in 2006.

Taylor Wimpey, the biggest house builder by volume, reported UK sales down 3.7% but with their average sale price up 2.1% to £188,000 their margins improved by 2.4%. Their order book at the end of February 2008 had 'a greater than historical weighting towards affordable homes. As interesting as the results themselves was the comment from Pete Redfern, Group Chief Executive, who said: 'We continue to anticipate a more difficult trading environment in the UK during 2008.'

Persimmon who reported a 12th successive increase in annual pre-tax profit were also circumspect with Group Chairman, John White, stating that 'When confidence returns and sentiment improves we anticipate a return to a stronger market; in the meantime we....more

UK New Housing 2008

Snapdata's Snapshots UK New Housing 2008 provides 2007 year-end market size data, with 2008 estimates, 4 years of historical data and five-year forecasts. The Snapshots report gives an instant overview of the UK new housing market and covers private housing and public sector housing and housing associations. Market value is based on new orders obtained. The data is supplied in both graphical and tabular format for ease of interpretation and analysis. The Snapshots UK New Housing 2008 forms part of Snapdata's Construction industry coverage.