TW takes profit hit amid revenue climb
Taylor Wimpey’s revenue and completions rose in 2025, but cladding costs and its voluntary agreement with the Competition and Markets Authority (CMA) drove profit down. During the year ending December 31 2025, the volume housebuilder’s revenue increased 13% to £3,844.6 million against 2024. UK completions - excluding joint ventures – increased 6% to 10,614 homes, at the mid-range of guidance.
Vistry boss to retire as business sees profit rise
Vistry boss Greg Fitzgerald has announced his retirement as the housebuilder reports its full year results, with profit increasing but revenue down. Fitzgerald, ceo and chair of the partnerships business, will step back from the latter role at the company’s AGM on May 13. He will continue as ceo for up to 12 months or until a successor is found.
March edition of Housebuilder magazine out now
The March edition of Housebuilder is now out and available to read on the www.house-builder.co.uk website. The latest issue reports on the government’s measures to address the difficulties in the section 106 affordable housing market. We consider the vital work of the Home Builders Federation on the subject and the industry’s views and experiences.
Barratt Redrow announces new group chief executive
Barratt Redrow has chosen Dean Banks as its next group chief executive. Banks, currently group chief executive of infrastructure services provider Ventia Pty, will succeed David Thomas who is retiring from the business, in the final quarter of this year. Thomas has been group chief executive of Barratt Redrow for 11 years, joining the group 17 years ago.
Spring Statement “missed opportunity” for housebuilding – HBF
Today’s Spring Statement was a “missed opportunity” to tackle both the supply and demand opportunities the industry faces, according to the Home Builders Federation. The HBF noted the government’s “significant” planning reforms and continuing commitment to delivering 1.5 million new homes in this parliament. But it also said that the Spring Statement did not include the fiscal or market interventions needed to inspire confidence and unlock delivery.
Housing delivery to drop before improving – OBR
Housing delivery is set to fall to a low of 220,000 homes in 2026-27 before “rising sharply” by 2030-31, according to the Office for Budget Responsibility (OBR). Publishing its economic and fiscal outlook following the chancellor Rachel Reeves’ Spring Statement today (March 3), the OBR stated that net additions to the UK housing stock were expected to drop from an average of 260,000 a year in the early 2020s “as recent subdued housing starts feed through”, before rising to “just over” 305,000 into the next decade, “reflecting the impact of planning reforms”.
Local authorities sitting on £9bn of developer contributions
Local authorities in England and Wales are sitting on more than £9 billion of developer contributions intended to fund essential local infrastructure such as schools, public transport and affordable housing. The findings come from a Freedom of Information (FOI) survey by the Home Builders Federation which also revealed that about £3 billion of the total has been held for more than five years.
Seize opportunities, say experts at HBF Future Talent Conference
Being open to opportunities is key to building a career in the housebuilding industry, according to Natalie Elphicke Ross, director of the Housing & Finance Institute. Speaking at the Home Builders Federation’s Future Talent Conference in Birmingham, Elphicke Ross told the audience of housebuilder graduates, trainees and degree apprentices about her wide-ranging career which “has been a series of adventures and opportunities which have taken me to collect my OBE and be elected to parliament”.
Govt to “crackdown” on unregulated construction products
The government has published the Construction Products Reform White Paper which – in what it calls “a crackdown on unregulated practices” - sets out that all products must be properly assessed before being used in the building process.
Govt scraps plans to delay 30 local elections
The government has reversed its decision to postpone 30 local elections in England, due to take place in May 2026. Following legal advice, housing secretary Steve Reed has written to council leaders to confirm that the local elections will go ahead. This follows the government's invite in December to 63 local authorities – set for reorganisation under the government’s plans - to make their cases for postponement.
