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Housebuilders pledge to build more homes

<p>Major housebuilders last week met with housing minister Mark Prisk to stress that government initiatives on mortgage support - such as Help to Buy - are working and will lead directly to more homes being built.</p> <p>The meeting took place as it was revealed that 12,500 reservations have been made through Help to Buy up to the end of August and the scheme is on target to deliver the 74,000 homes intended over the next years.</p> <p>Home Builders Federation executive chairman Stewart Baseley, who was at the meeting, said that Help to Buy has been an "unqualified success". "All the signs are that the next couple of months will see a significant number of people realising their ambition of home ownership."</p> <p>Barratt ceo Mark Clare said: "Customer interest in Help to Buy has been very strong. We are now preparing for further growth and have committed &pound;1 billion to land investment for new homes and we're also expanding the business by taking on 600 new apprentices and graduates."</p> <p>Jeff Fairburn, Persimmon ceo, endorsed this view saying&nbsp;his firm has increased build activity while Taylor Wimpey boss Pete Redfern said the increase in demand "enables us to build more homes on the sites we have already got open and gives us more confidence about investing in future sales."</p> <p>Housing minister Mark Prisk welcomed these views: "I'm delighted that developers have pledged to use this momentum to increase output and get Britain building again."</p> <p>Baseley struck a note&nbsp;of caution though, saying that if this improvement is going to lead to a significant and sustained increase in housing supply then "ministers still need to act on the other constraints on supply - a lack of land and excessive regulatory costs."</p>

Skanksa quits UK housebuilding market

<p>Skanska UK has announced today (September 5) that it will no longer build its own residential schemes.</p> <p>&nbsp;</p>

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