Housebuilding Collapses For Third Month Running!

[@OldandCold6955]

I`m not thinking Recession I`m thinking Depression, A world of hurt !

[@Saturntabbytype2]

Least you have your consciousness.

[@ChrisAndCats]

I really hope not. I am wet leisure industry - which will be hard hit as people won't have any money to spend. Unfortunately though, you may well be right.

[@visiblekoment]

Very optimistic, I'm thinking collapse.

[@gavinspiby8304]

Bang on the money a Depression across the whole of the EU and U.K.

[@dalewainwright881]

Mmm if you’re already wealthy this will be the time to increase your wealth. It’s going to be a fire sale for all the members of the WEF, Gates , Soros,Bezos and the like. I can hear their hands rubbing together already. It’s planned as we are way too far down the economical history book for this to be accidental.

[@xjessukx]

Labour the race to the bottom continues

[@cannz9134]

Exactly that. No to north sea oil and gas. No to any heavy industry and forced net zero 2030 for no reason

[@anthonythompson-cf5rw]

It’s not a race, we are already there!

[@Boro-Lineman]

Just when you are at the bottom labour will redefine success and there will be a new bottom lower than the present perceived one

[@michaelking8642]

The Tori’s are so much better ! 😂😂😂😂😂😂😂😂😂😂😂 Lunatic

[@xjessukx]

@michaelking8642 not much, but in the end, we had low inflation, low interest, and growth

[@matthewbooth9265]

As a bricky, i am earning less than i was 6 years ago...that's against a backdrop where everything costs me a great deal more now. So my interest and motivation is at rock bottom and you know what i don't want to even build these houses because they are not for british people.

[@cupra2Jock.]

Facts. Building House for Abdul and his 17 kids with 4 different wives, all on benefits😂

[@shabbos-goy9407]

@@cupra2Jock. And Mehmet can grape your children whilst you graft..

[@harvest585]

Yeah im on plant and its rediculous like lodge is 3 times the price but the rate are stagnant

[@fordford4721]

Same here ive jacked it in , after 40 years price work ,scrammles are having all yes all the houses we have built in the laxt few years , all for migrants andmisfits

[@DavidEdwards-uf5lg]

Retired bricklayer here Matthew, couldn't agree more with you, glad I won't be here much longer , in this shitty F....d up country.

[@doug_vickers]

We are in the expected Labour death spiral.

[@Saturntabbytype2]

4 more years the only way is down .

[@ChrisAndCats]

Sooner than usual but not entirely unexpected.

[@WeeShoeyDugless]

​@@ChrisAndCats Not unexpected at all....

[@walkaz]

Don’t worry only 2 months until the next labour budget😂

[@paulniggel]

yep ! retired gentleman bricklayer 76 years have seen it all before you are absolutely correct

[@orvillefindley8117]

You've been a bricklayer for 76 years , how old are you ? 😂

[@ianrichards4907]

@@orvillefindley8117 i think he meant he is 76 !

[@orvillefindley8117]

@ianrichards4907 Was only kidding 👍😂

[@Andrew-rc3vh]

@ianrichards4907 He started with toy bricks in his pram!

[@deansmith1140]

Alright Paul, you know over 5000 building firms folded last year, I've been in the game now close to 30 years, plastering all over the place, the amount of red tape and regulations, the meetings people are being deluded into thinking that the government can get built was is required 😂

[@Mick727]

Unemployment going up house buying going down

[@Saturntabbytype2]

I’ve seen its outcome ,in the 1990s

[@cupra2Jock.]

Unless your BlackRock, in that case, they will do ALL the house buying.

[@WeeShoeyDugless]

​@@cupra2Jock. Stalins buddies!!! It's all by design! 🤬🤬

[@DavidEdwards-uf5lg]

All part of bliars plan Mick.

[@mr.b.4048]

And no doubt Labour will find someone else to blame.

[@leaulife569]

The Faaaaar right.🤣

[@jerryorange6983]

@@leaulife569 veeery right you mean

[@Trevor_Austin]

That will be 14 years of Tory rule, the £22 million black hole, Brexit, global warming etc.

[@colineastwood7005]

Yeah that’s the only thing Labour ministers are good at, blaming other people!

[@davideyres955]

Oh no it will be entirely the fault of the “£22 billion black hole” that didn’t exist until Labour created it. The “terrible mess” they inherited. Nothing to do with their ineptitude. Oh no. Labour are crap.

[@ryanmcmahon2422]

STARMER'S SEEN THE FIGURES, AND BLAMES IT ON THE FAR RIGHT BUILDER'S, AND BUYER'S....

[@Cosmo38436]

😂

[@warrenbooth2103]

The Economy has a cold the building industry has pneumonia!

[@RicardoPetrazzi]

We're on the economic helter skelter death spiral again 😬 Thanks Stupid Starmer Labour gov

[@TransparencyPlease]

Once you realize Starmer has been given instructions to run this country to the ground you understand why he is doing what he is doing. Blair was more clever, subtle and adept at it so could con the electorate for longer.

[@cupra2Jock.]

​@TransparencyPlease yep. This govermant and the Tories are totally asinine, the people who voted for either are even worse.

[@WeeShoeyDugless]

​@@cupra2Jock. LIEBOUR inherited the fastest growing economy in Europe. Didn't take long until it was the worst!!

[@Trevor_Austin]

But… but… but Angela has promised to build 1.5 million homes over the next four and half years, a mere 900 new houses a day. Where is Angela going to stick all of her new voters?

[@thecloudies]

Hopefully, some where dark and cold........... 😉

[@anthonyford411]

After all, they can't all be accommodated in hotels at the taxpayers expense

[@barbaratg5230]

Not next to her or in the Cotwolds.

[@DavidEdwards-uf5lg]

I would imagine Rayner would be able to house quite a few of them in her ginger growler.

[@BrianMurphy-t3u]

In Australia we had a lot of big builders go bankrupt because they had undertaken work and the rising costs of materials has made them more expensive to build than they have quoted for

[@RegiyThornton]

Surely bricks , concrete and roofing is at a pretty stable price

[@JeffreyGrant-u2r]

Concrete is so expensive same as bricks are woods doubled in price and steal cost a fortune ​@@RegiyThornton

[@danielcuddihy4273]

It's known as catching a cold in the uk.

[@RegiyThornton]

@@JeffreyGrant-u2r hm yeah I guess I didn’t think of that , especially with the costs of absolutely everything sky rocketing

[@bazbbeeb7226]

@RegiyThornton I've met so many people who were in the process of having their houses built who'd been told that due to the sudden sharp rise in building materials and associated products that it was going to cost them, at minimum an extra 20% to have their houses finished. I've builder friends who've also been telling me similar stories.

[@ChrisMurray-iw9ij]

Make up the short fall with deportations

[@DavidEdwards-uf5lg]

Not a snowball in hell's chance of that , Chris.

[@RobertBaker-QPR]

Good post David Having worked in the construction industry for 40 years I totally agree with all your comments/predictions. Seen at least 4 recessions during that period, none worse than 2008, which cost me dearly. Is this one coming up going to worse? “Growler Houses” - Love it!

[@zrich1585]

It is so easy to encourage housebuilding. Suspend stamp duty for 6 years. Suspend VAT on all building materials and building works and services for 6 years. Watch the housebuilding market blossom. Swap parliament with a bag of sugar.

[@cupra2Jock.]

Yep. Also relax the rules LABOUR created in the 40s on building houses on YOUR OWN LAND and watch the property market boom. Young people will be thriving...of course, that isn't the W.E.F and BlackRock plan tho is it.

[@davidpickard9393]

There is no VAT on new builds

[@fredfred2363]

You get ALL the VAT refunded on sign off of a new build.

[@goodlookinouthomie1757]

Oh no but that would help fatcat investors and greedy landlords as well, we can't do that! 😲

[@RegiyThornton]

Let’s hope they ban building houses soon , i visited my home town to see family at Christmas , every single field has thousands of houses now

[@danielcuddihy4273]

What do you do for a living and where do you live?

[@argybargy2930]

Yeah same here where I live, it's horrifying!

[@danielcuddihy4273]

@@RegiyThornton argh it was horrifying when your house got built

[@elizapopperwell2578]

One does wonder - given that we are now, I gather, at the start of what is being referred to as "Babygeddon".....ie quite a number of Western countries (including ours) are now not having enough children for replacement level. So - 2.1 children per woman are "replacement level" for a country - but I gather our British birthrate is now around 1.5 per woman and that's what is happening in a lot of other modern countries. The other countries are probably still increasing their population - but not the "modern" ones. That is the counting being done including all the non-British people living in our country (think our indigenous population is about 30 million???). So it's not quite clear to me what's going on that all these extra houses are wanted by the Government. Marriages (official and unofficial) are less popular than they were - and so we need extra for single person households and obviously that's understandable/acceptable. Maybe the issue is 2nd houses/holiday homes - as there never used to be so many households owning more than one house. Though it doesnt help having a lot of illegal immigrants having a blind eye turned to them coming over our Channel....

[@RND-x8m]

Why though? It's all Alice in wonderland stuff. Farm land here going going gone! Its criminal.

[@joycestewart8685]

😡😡 WE ALL KNOW THIS WOULD HAPPEN ‼️‼️ STARMER WILL BLAME THE RIGHT WING‼️

[@jeffg.2204]

No,no , the right wing thugs ! 😂

[@Spectrum-of-Truth]

💯 Socialism

[@andrii.zahorskyi]

Inevitably leads to poverty

[@Iknewit6]

As a bricklayer I got out of the housebashing game in 2008, the writing was on the wall then. They didn't care about good workmanship, they just wanted them up asap regardless,,,and the prices proved it.😢

[@douglasclark5796]

New build faults are astounding. I’d never buy without a full private survey. YT videos are available.

[@Anti-Peaceforce]

The country is collapsing, and an apathetic public couldn't care less.

[@Dean-d3w]

more worried about Gavin & Stacey.

[@goodlookinouthomie1757]

Well look on the bright side. We were never going to be able to vote our way out of this hole. We will have to collapse our way out of it. When we're struggling to live day to day maybe the British will start remembering to look after their own first.

[@Anti-Peaceforce]

@goodlookinouthomie1757 Doing nothing is a spineless way out.

[@paulbanham9678]

Would you really like to buy a new house that only has electricity NO THANK YOU I’ll stay where I am and have both gas and electricity

[@SusanBell-dl5gr]

The new house will have a heat pump that will not give you hot water and heating at the same time and need replacing in 5 years, with another one, you will not have a choice.

[@goodlookinouthomie1757]

With no chimney either so where do I put my log burner... No thanks.

[@DavidEdwards-uf5lg]

👍

[@mrorangepeel659]

Who would have thought that driving out the wealth creators and taxing businesses harder while adding further regulation would have led to this situation. Now who would have thought that!

[@janecox5818]

You predicted correct again.

[@AndrewJepson-sn3yg]

I love the fact that we went from Blairs socialist Labour government to a conservative government operating socialist policies and now back to Starmers socialist Labour, i think this could be a large part of why this government is crashing so quickly, we've had socialist governance since 1997.....

[@goodlookinouthomie1757]

It's boomers voting Conservative and they don't understand or care that the Tories are now a liberal party.

[@markmewordz6860]

Starmer is not a socialist. Its much worse. He is a Corporate Bolshevists (WEF) mate.

[@peterbush4569]

Spot on david' again

[@paulcock3489]

Recessions and Labour when will people learn

[@GBPaddling]

Tories are WAY worse, I'm a Builder and bear those Tory scars.

[@sempereadem54eadem64]

Yeh ok

[@samhodgins9804]

They don't they hear socialist lies about 'equality" and "fairness" and completely ignore reality in front of them

[@goodlookinouthomie1757]

Listen I hate them too. But I hate the Tories just as much for their grotesque betrayal of the people of this country... They DELIBERATELY imported as many migrants as they possibly could. It's hard to pin all this mess on labour, no matter how appalling their first 6 months has been, because they inherited an absolute shit show.

[@samhodgins9804]

@goodlookinouthomie1757 Labour started the open borders before 1997 the net migration was 40k a year now it's a million or more every year

[@SENEX12]

Its not about selling them, though. Its about building social houses which gives new arrivals direct access to every single part of the country, either straight from the beaches or spilling out of London, Birmingham and Manchester. This house building is about both watering British people down and out and also making people dependent on the state.

[@mick681]

Well done Rachel I bet Angela Rayner is pleased with you.

[@ianmckenzie331]

Also....add to this that when housebuilding is in decline, one of the casualties is training. No housebuilding, No apprenticeships... which will affect the further education colleges. Well done Labour. A total disaster for the working class. Should change their name to Labour destroyers.!!

[@davefish8107]

We haven’t had apprenticeship uptake for years . Building firms were happily taking on foreign workers instead of training the young generation up and now a lot of polish and other foreigners have gone back home. Schools all push for the young to go to university rather than than going into the building trades and the government use to give firms money to train apprentices which I don’t think is the case now

[@ianmckenzie331]

Wee update for you. Research the Construction Industry Training Board. CITB.

[@RogueTrader-]

No one will take on apprentices now. The new rules on minimum wages make it unfeasible. From next year: Under 18 yrs £7.55 ph. 18-20 yr olds £10 ph. 21 yr olds (over19 yrs in 2nd year) £12.21 ph. Paying £500 per week to watch and learn and sit in college classroom along with all the other hidden costs is unrealistic. Some trades jobs are advertised under £20 per hour

[@jefflloyd8277]

Australia has the same problem

[@Itssoconfusing]

Failure after failure

[@JaquelineFarrow-e3d]

Why invest in a place that is doomed? Most are planning their escape and hopefully taking their skill and money someplace safe, like Eastern Europe

[@Saturntabbytype2]

Safest bet ,russia will have you .

[@frederickmuhlbauer9477]

Warsaw Poland is booming

[@andrii.zahorskyi]

It is not a god Idea to live in any country which is remembering russian boots on the ground

[@allyburg7145]

You are spot on I’ve been is design and construction for 50 years and seen this three time now, the only difference this time I will be retiring !

[@Roger-k3t1f]

Labours response..... theyre upping the number of houses to be built 😂😂😂

[@anthonythompson-cf5rw]

Youngsters, buy a new house, but not in this country

[@nib213]

35 years experience in industry. That’s more than the combined total of the Labour cabinet. 7 career politicians. 4 union workers. 7 lawyers. 2 charity workers. 2 academics. 1 accountant. 1 journalist (Yvette Cooper - for two years in between being a career politician).

[@goodlookinouthomie1757]

24 lefty activists.

[@markmewordz6860]

Mediocrity personified

[@martinlove7073]

Who is the accountant

[@clarepartrick1066]

Didn’t one of the biggest building firms go bust last year .

[@cannz9134]

There will be a million new arrivals this year that need somewhere to live, so rent and property prices will increase despite this and because of the two subjects combined

[@Saturntabbytype2]

Estimate further 32% in some predictions

[@cannz9134]

@Saturntabbytype2 it's a horror show, and arguably against the will of most of the public

[@andrii.zahorskyi]

Yeah. But who eventually will pay for this?

[@cannz9134]

@andrii.zahorskyi Expense isn't just financial. Its cultural and spiritual

[@clogs4956]

Labour’s longterm heat pump policy which kicked in on 1st January 2025, has now been reversed (or suspended?). Can’t imagine why 🙄

[@williamhowells1615]

The financial turnover of Skip hire companies can tell you when the economy is doing well. You always see loads of skips on driveways when the economy is healthy.

[@kawazukisoddbits2717]

Setting a totally unattainable house building target of 1.5m over 5 years doesn't help either! Add in increased minimum wage and employer NI costs - its all going backwards!

[@bradtenbonga]

As always outstanding investigative reporting . Thank you . BradTen Scotland 🏴󠁧󠁢󠁳󠁣󠁴󠁿

[@RayBarber-r5b]

The majority of modern estate houses are rubbish.

[@andrii.zahorskyi]

Yach

[@robertkeith6952]

When the building trade goes down the whole country goes as well 51 years in the game

[@joemdee]

How can it be collapsing when Angela Raynor has promised to build 1.5 million homes within the term of this parliament. Surely the Labour Party would not tell a lie? Lol

[@markconway2380]

How can housebuilding collapse on our great continent with wealthy people on zero hours contracts?

[@Saturntabbytype2]

Nothing like a great bit of irony to boot 😅😅😅

[@glenmattison4331]

BRILLIANT. Tommy Trump Elon truth FREEDOM

[@tangerinedream7211]

Raleigh can force through all the planning she wants, thats not the issue, lack of workforce is a biggie, but even if you build 300,000 houses a year, someone worked out thats 149 a day, they're not rasy to sell, high mortgage rates, more unemployment. Builders will not construct a new estate to have it sitting empty , unsold, eating into any profits. If she builds more houses, highly unlikely, the the Government will have to step in and buy them, or rather the taxpayer. We all know that the folks who are allocated those houses we be recent arrivals in Dover . Used to teach construction btec in school, in a group of 24 pupils, 2 were good, 4 were ok and 18 chuffing useless. Not a single member of the socialist front bench has a clue, 14 years to prepare, all fully costed, restore the faith in politics, this is the worst leader and worst Government since WW2.

[@andrii.zahorskyi]

Yeah

[@kelvinpellegrini1118]

I hope labour don't offer you a job, they might get something right

[@chrisgrahma5064]

No surprise with prospect of Labour's intended increase in Stamp duty.

[@grahamcook9289]

The UK finally needs to sort out the legal nightmare that is leasehold, before building any more apartment buildings.

[@stuarttorevell2353]

you are my source of daly new sir . i never watch the mainstream news 🗞️ thank you sir . stu

[@brianlopez8855]

Just because some Government bod says a Developer CAN build a house, does NOT mean that they will build anything, ever. Ludicrous Government "directives".

[@BessBlack-td8qx]

Labour the Occult party. Everything dies.

[@tonynewcombe9075]

Reaves said “ we have enough houses .”

[@lesprice255]

THE TRUTH SPOKEN BY A REAL LIFE PERSON WHO LIKE MYSELF HAS LIVED THROUGH ;ABOURS DISASTEROUS POLICIES MANY TIMES, THE TORIES DO US IN WITH AUSTERITY AND LABOUR DO US IN BY GIVING OUR MONEY AWAY TO ANYONE BUT THE LOCAL PEOPLE

[@argybargy2930]

No need to shout mate 😂

[@goodlookinouthomie1757]

Tories austerity u wot mate...? The reason we've had 20 percent inflation over the last 3 years is because the bill came due for that years paid holiday Rishi gave us back in 2020.

[@gordonbrown8450]

They are not listening , they are not listening still.Perhaps they never will.

[@mikerobb8838]

goodbye British pie

[@paulniggel]

more like 20 years I forecast this in 2008 & it has not improved ! kicked the can down the rd.

[@prestoncrewnarrowboaters8619]

As soon as I heard what the cleaning lady was putting in the budget, it was very clear ,the uk was going to see a business nose dive ,those of us with any understanding of businesses could see it coming, a mile away.some one said the other day that the economic growth would come from civil service, the councils the NHS etc ,not a hope they such money up ,they don't create it. So the big question where's the growth going to come from.??????

[@angelaeastwood3938]

More illegals and legal migrants are going to come in that's the only growth labour wants. 🙄

[@BarbaraPape-y4g]

Most of todays house will collapse after they are built now they are not been built at all. I call that a win, win situation, never buy a new bulid property.

[@Adrianbacon-c9q]

What utter horseshit. I work for a national house builder, they are all block and brick construction and are very thermally efficient. Do you think we build them on sand??Making such a non sensical statement like that clearly shows you have no comprehension as to how modern houses are built.

[@BarbaraPape-y4g]

@@Adrianbacon-c9q I have recently observed a new housing estate been built, the finihed walls look like the are made of bricks, they are not, it is just wafer thin cladding on top of thermal bricks. Within monts the new owners had taken out a group actionb against the builders for damp, cracked walls and ceilings and the electrics were failed by an independant tester. So don't try and tell me that modern homes are well built, you are the one talking out of your backside.

[@andrii.zahorskyi]

That is why I bought Edwardian property, when I had a choice between with the same price

[@conrod7]

I remember reading about borrowers who were hit by negative equity many years ago - householders tried to sell their houses and were forced to accept a figure which was less than they had borrowed to buy the property - the problem was the lender denied you the option to accept a low figure which would leave borrowers without an asset and still owe the lender a considerable amount of money. So they were forced to keep the property in the short term . As time went on and the recession worsened some would lose their jobs and could not keep up the payments. The lender would foreclose and sell the property at auction for a much reduced amount - in many cases a lot less than they were offered by the original prospective buyer - the borrower then had no house and were a considerable amount in debt to the lender.

[@deansmith1140]

Not to say I told you so rayner but I fucking told you so, 1.5 million homes 😂 in your dreams

[@goodlookinouthomie1757]

As if she'd even thought about it for as much as 5 seconds before farting words out in some interview.

[@jackking5567]

You just need to look at a construction site, be it housing or even railways and you'll see the slowdown first hand. There seems to be no urgency in workers. - no doubt them trying to keep themselves in employment.

[@topfuelteddy]

I think Brickies etc have to work hard , there's no hiding on site , Road and Rail workers are a different kettle of fish , most Road workers I see are either standing around chatting , on their phones or in vans , lazy breed .

[@goodlookinouthomie1757]

Meanwhile the HS2 site down the road from me is a hive of industry. What a waste.

[@astrafaan]

They expect to be given houses when they come here - not to have to buy them.

[@Respectforpensioners]

All the builders around my ends are still on Christmas and New Year holidays……probably going back next Monday, they hope. Welcome to Austerity, Recession and Poverty

[@stumac869]

Money is leaving the country and 'buy to let' isn't worth the bother for small investors. We're already in recession with interest rates unlikely to fall in the short term. Costs are rising due to inflation and government employment policy and taxation. Any surprise the housing market is collapsing along with most other sectors and its only been six months of this incompetent government. Imagine what five years will look like.

[@goodlookinouthomie1757]

I've got a feeling it would have happened under the other lot before long. The only difference was the other lot were good at pretending they were doing something. Labour are openly and proudly useless so as well as our existing problems, public morale and confidence have gone off a cliff too.

[@SteveSmith-kf9on]

I’m in the game, I’ve noticed it with work running out !

[@Jimmy-zt7xd]

L is for Labour, L is for Lice.

[@Grumpysprout]

A Little unfair on lice !

[@goodlookinouthomie1757]

As parasites go they are among the worst.

[@michaelhibbert4393]

You must be wrong…..Starmer says Labour are building a better Britain with more money in our pocket

[@Andrew-rc3vh]

More work = more money. Do work by building and you get richer. Sit there idle and you get poorer.

[@tt-vu3oz]

I knew this would happen under labour . Everything heading south quickly.

[@lloydspencer9348]

It's not a lack of planning consents that is the problem, it's the actual process of building both houses and essential infrastructure to go with the new houses. You need, as well as land with a viable consent, materials to build with, tradesmen to do the building, firms to employ/manage/market etc the process, finance at all stages to cover the costs and lastly (but critically unless your plan is to build empty houses) willing & financially able purchasers. Current government economic policy has screwed pretty much all of this and things can only get worse because they don't want to see what a shambles they are making of everything.

[@PedrSion]

What about the 1.5 million houses ?

[@GP-pw5wb]

Starmer, Rayner and Reeves are going to build them personally, they have failed at everything else so far! Afterwards they can update their CVs to Civil engineers.

[@goodlookinouthomie1757]

Perhaps they were including tents in that figure.

[@peteryates1208]

My brother works for a medium sized house builder in the West Midlands. They work five and a half days a week and from start to finish are lucky to build 120 houses a year but are not working to capacity, and haven't been for several years. 1.5 million, dream on.

[@stephensalt6787]

The housing market has virtually stalled, nice houses in good areas are on the market for ages, one really nice 4bed detached double garage etc has been on the market for two years and it’s been reduced in price twice.

[@andrewgamble5332]

Well Reeves was nearly Governor of the Bank of England and look how that panned out!

[@fredneecher1746]

Labour is overloading the donkey. When will its back break?

[@BertWald-wp9pz]

Great talk. It is clear that you understand this very well. Sad to be right though! Thanks.

[@markmewordz6860]

I remember the 'new towns' built in the 60's and 70's. Most became sink estates and slums. Hmmmmm

[@Lbm414.Oleg.Kuznetsov.]

Communism.

[@JackieBurroughs-m9q]

If people can't see where our economy and other world economies are headed sooner rather than later? It's time to take those tunnel vision inducing blinkers off. Financial SHTF is coming fast down the pipeline along with other related geopolitical issues??? No reccession! Only a deep, deep societal changing depression. 😢😢😢

[@schrodingerscat1863]

Don't forget that buy to let has been decimated by this and the previous government so there is now a lot less money being invested in property. In my area builders are going bust because they can't sell flats they have built quick enough and are running into a cash flow crisis, this means other projects they are working on are also standing half finished for months if not years. If you need more homes to be built you also need huge investment to actually build these homes until they are sold and that investment has now largely disappeared and no one is buying off plan any more, it's just too risky.

[@dalewainwright881]

7 in 7 out it will be around 15 years of misery.

[@AdamCarter-p8k]

Well said Dave, it’s going to be interesting year to watch..

[@Chris-u3i5g]

The last time Labour promised 'millions' of new homes (Blair) over a 5 year term, they managed 700. Look it up. Raynes hasn't a clue.

[@goodlookinouthomie1757]

Well at least they were just about keeping up with immigration back then.

[@bassplayer3974]

Negative equity I remember ppl playing with matches

[@danielcuddihy4273]

Positive equity they took your house before it sold

[@Saturntabbytype2]

And steradant tablets too ,some were foaming at the mouth,sadly.

[@kevansimister3967]

Nothing we did not expect always the same under Labour

[@edwardmiller3859]

Correct again dave, BTW tried pissing on my cornflakes, wouldn't recommend

[@karenpatheyjohns9146]

Building safety act 2022 has lost me a sale on my leasehold apartment! 2.5 years old, bought off plan, my only home, completed 21.3.22 Now deemed a ‘ unqualified leaseholder’. 5 floors only to our block. In the meantime Firstport Management Company wildly increasing our Service Charge. Shocking!

[@simonsays2685]

So much for Angela's 1.5 million new homes. There's a new estate going up near me and they're already trying to sell them with up to £20,000 off.

[@gavinspiby8304]

Economic Armageddon for the U.K. this year.

[@RobinHarding-ep1ud]

Dalek starmer …….Obey , Obey…… it’s all he knows . Tin pot dictator .

[@austenj4539]

You failed to mention that all newbuild applications from January 2024 must now include a Biodiversity Net Gain Plan covering a 30 year duration after completion to satisfy planners that either an onsite or offsite provision to upscale biodiversity by a 10% minimum. This covers England's newbuild applications and has completely undermined small/medium site developments. Ecologists booked out and charging thousands for BNG Plans.

[@RobertEyres]

Wise words indeed. Pity the Government can’t see this. Or maybe they can…..

[@fordford4721]

Bricklayers , here , 100%right

[@andrewwhelan8004]

Never mind heat pumps all new builds have to have sprinkler systems as well in Wales

[@Diawlbach54]

Of course it has they don't have the manpower because of all the claptrap health and safety. It bogs the whole system down and someone is making a lot of money out of it. I have had fourty years of civils work as a machine driver and now I am not bothering to renew my licence to operate machines.

[@leeellerker1855]

Who the hell can afford a new house soon with all the hidden taxes that's coming, labour shit it again

[@topfuelteddy]

Free for "certain" people.

[@samhodgins9804]

And Labour are planning further tax rises and the economic collapse is going to be cataclysmic

[@martinjohncassidyCASSIDY]

They can't even fill the potholes in , more house building is mirage, dreamt up by Starmer the horrible.

[@peterrogers3085]

Are houses priced for interest rates in the 4 to 5% range? I suspect that they are still priced for interest rates at the 0.5 to 2% range?