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Housebuilders report steady trade

PUBLISHED: 16:34 12 November 2012

Demand for new build homes holds steady

Demand for new build homes holds steady

DEMAND for new build homes is holding steady amid help from various government schemes, some of the UK’s largest housebuilders said yesterday.

Redrow and Taylor Wimpey told the City that while access to mortgage finance was still restricted, initiatives such as NewBuy, which underwrites 95% mortgages with participating lenders, had helped confidence.

Bovis Homes said prices were broadly stable, and generally stronger in the south of England.

As well as New Buy, Redrow chairman Steve Morgan pointed to the impact of the FirstBuy scheme, which helps low income buyers with an equity loan and said numbers would be “considerably lower” without this.

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Major exporting success is a step closer for East of England firms which have benefited from a multi-million pound government funding pot to help businesses gain an international foothold.

The senior team at award-winning Suffolk rooflight company, Sunsquare, showed Bury St Edmunds MP Jo Churchill around their factory last week.

Drinks group Konings has unveiled plans to expand capacity at the Copella fruit juice site near Sudbury, potentially creating more than 100 new jobs.

A total of 31 care providers have been selected as finalists for this year’s Suffolk Care Awards.

Tourists jetting to the UK “in their droves” to take advantage of the weak pound could spend up to £2.4bn on our high streets this summer.

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