The housebuilder stated that should market conditions remain stable they would be well-placed to see a return to growth in 2025.

The increases are set to add £1.56bn of cost to the National Infrastructure and Construction Pipeline, according to Currie & Brown.

'Challenging trading conditions' over the past year have seen the housebuilder report a drop in the number of homes completed.

The low-cost housebuilder issued a trading update revealing that completions fell by 14% over its half year.

Millions will be added to the cost of housing developments should mandatory solar panels come into effect under newly released proposals, warns the National Federation of Builders.

A majority of SME builders say that the planning system remains their biggest barrier to delivering new homes.

Nearly 60% of the housebuilders who took part in a new survey by Knight Frank are offering non-cash incentives in a battle against the UK’s challenging housing market...

HBF says that its new plan shows how policymakers could act fast to boost the supply of new, energy-efficient and high-quality homes across the country.

A declining residential sector is believed to be behind new projections that the total market size of the UK construction sector is set to reduce by -2.8% in 2023.

Group operating profits for Taylor Wimpey's full year are now expected to be at the top end of its guidance range of £440m to £470m.